A top executive at Wintermute said Tuesday that the company has lost about $170 million in a hack.
In a series of posts, the founder and chief executive of Wintermute said that the firm's finance operations had been hacked, but that centralized finance and over the counter are unaffected.
Wintermute is solvent with twice as much equity left as it has, according to him. He made it clear that Wintermute will honor any loans that are recalled.
Money is safe if you have a MM agreement with Wintermute. He wrote that there would be a disruption today and possibly for the next few days.
There shouldn't be a big selloff of assets that have been hacked because only two have been over $1 million. asap, we will communicate with both teams.
Wintermute gives access to over 50 exchanges and trading platforms. It is an active investor, having backed a number of companies.
When the hack happened and how the attackers were able to succeed were not disclosed. The company Wintermute has reached out to.
Wintermute is one of a growing number of firms that have been hacked recently. The cross-chain messaging protocol was stolen last month. In April, the Ronin Bridge was hacked and lost $600 million, and in June it was drained of $100 million. Certik said that more than a billion dollars were lost in the Defi hack.
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