Wintermute’s DeFi Operations Suffers $160 Million Hack

Summary: Crypto market maker Winteremute was hacked on Tuesday. Losses from the incident are estimated at $160 million at press time. The hack only affected decentralized finance operations, platform CEO and founder Evgeny Gaevoy tweeted to the community. Gaevoy stressed that Wintermute remains solvent with twice the hack amount in equity. The platform is also open to communication from the hacker(s). Wintermute suffered a hack on its decentralized finance (DeFi) operations resulting in losses of around $160 million from 90 […]