Wintermute Loses $160M as a Result of Hacker Attack

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Wintermute, a popular market maker, has lost about $160 million in crypto assets as a result of a hacker attack.

According to the CEO of the platform, Evgeny Gaevoy, the attack was aimed at DeFi operations. He has assured that OTC and CEX modules work as before.

He has added that Wintermute is solvent despite the attack because its reserves are twice the amount stolen. He has said:

“Today and possibly over the next few days, our services will malfunction, after which everything will fall into place.”

90 different assets have been reportedly stolen.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.