Wintermute, a Major Cryptocurrency Trader, Has Been Hacked for $160 Million, According to CEO

Wintermute's CEO tweeted on Tuesday that hackers had stolen digital assets worth around $160 million from the crypto trading firm, the latest heist to hit a sector long plagued by cybercrime.

Highlights

  • Wintermute's decentralised finance operations in London were targeted, according to Evgeny Gaevoy in a tweet.
  • He added that the firm, which provides liquidity across major crypto exchanges and trading platforms, is still solvent following the hack.

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Wintermute's CEO tweeted on Tuesday that hackers had stolen digital assets worth around $160 million from the crypto trading firm, the latest heist to hit a sector long plagued by cybercrime.

Wintermute's decentralised finance operations in London were targeted, according to Evgeny Gaevoy in a tweet. He added that the firm, which provides liquidity across major crypto exchanges and trading platforms, is still solvent following the hack.

Numerous heists have targeted decentralised finance platforms and software, which aim to provide crypto-based financial services without traditional gatekeepers such as banks. The industry is poorly regulated, and victims of crime have few options.

Gaevoy and Wintermute did not respond to requests for comment right away.

Wintermute calls itself "one of the largest players" in global crypto markets. It says it manages "hundreds of millions" in assets and trades more than $5 billion a day.
Gaevoy said on Twitter "there will be a disruption in our services today and potentially for next few days," adding that some 90 assets were hacked.
"If you are a lender to Wintermute, again, we are solvent, but if you feel safer to recall the loan, we can absolutely do that," Gaevoy said.

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