On Tuesday, Wintermute CEO & Founder Evgeny Gaevoy announced via his twitter account that hackers penetrated into their systems causing a breach on their DeFi operations. This compromised 90 crypto digital assets, losing a total of $160 million USDT and among the highly affected firms were Somnium Space Cubes which lost 2.3 million USDT and Maple Finance Tokens of 1.2 million USDT. Other named crypto markets that were also affected with a loss of below $ 1million USDT were Curve Finance, E-Radix, Yield Guild Games, Shiba Inu, Synthetix, FTX and Polygon. Despite the breach, the company’s CEO is looking at the issue, as it might just be just be another White Hat Hacker.
According to Gaevoy: “Short communication on the ongoing Wintermute hack. 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.”
“Out of 90 assets that has been hacked, only two have been for notional over $1m (and none more than $2.5m), so there shouldn’t be a major sell-off of any sort.” He also said that the company is “Solvent with twice over that amount in equity left. ”
The London-based company is backed by its major investors and Avon Ventures, DeFi Alliance, Pantera Capital are among them.
SOURCE: WINTERMUTE | SEPTEMBER 20 2022
