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Wintermute crypto-heist

Updated on 2022-09-25: Wintermute hacked, $160 million stolen

The only thing more frequent than a Twitter security incident is a web3 security incident. This week’s heist landed at Wintermute’s door, with $160 million in crypto funds stolen. Per The Record, Wintermute is a “market maker” for cryptocurrency platforms, an organization that holds a large inventory of a particular asset to keep the market liquid by ensuring that traders have someone to buy and sell with. Read more: Cryptocurrency company Wintermute says hackers stole $160 million

Updated on 2022-09-23

A large scale attack on the cryptocurrency trading company Wintermute has meant that an estimated $160 million has slipped into the hands of the adversary. Although it is unclear how the attacker or attackers will proceed, you can see their (very full!) wallet here.

Updated on 2022-09-21: Crypto Trader Wintermute Loses $160M to Hackers

London-based cryptocurrency trader Wintermute has reportedly lost about $162 million of its decentralised finance (DeFi) operations in digital assets to hackers. The company remains solvent. CEO Evgeny Gaevoy tweeted “We’ve been hacked for about $160M in our defi operations. Cefi and OTC operations are not affected”. “We are solvent with over twice that amount in equity left”. Blockchain cybersecurity company Certik has said a that a vulnerability known about since at least January was likely behind the hack. Certik said the hack was due to a leaked or brute-forced private key, and not a smart contract vulnerability, and that hat a vulnerability in the popular Profanity vanity address generator was probably at fault in the hack. Read more

Cryptocurrency DeFi platform Wintermute said it was hacked and lost $160 million in a security breach that took place on Tuesday, September 20.

Most of the cryptocurrency security space appears to believe the attacker exploited a recently-disclosed vulnerability in an Ethereum vanity address generator tool to steal funds from Wintermute’s main ETH wallet.

Wintermute’s CEO said the company remains solvent and said they are still open to the idea of offering a bug bounty payout to the attacker if they return the stolen funds.

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