Crypto Market Maker Wintermute Hacked for $160M, Says CEO

Cryptocurrency market maker Wintermute has lost $160 million in a hack relating to its decentralized finance (DeFi) operation, according to a tweet from the company's founder and CEO Evgeny Gaevoy

  • The firm's lending and over-the-counter (OTC) services have not been affected.
  • Wintermute's CEO Evgeny Gaevoy said that the company remains solvent with "twice over" $160 million remaining in equity.
  • Gaevoy added that the company is still treating the hack as a "white hat" event and asked the hacker to get in touch.