Crypto Market Maker Wintermute Loses $160 Million in DeFi Hack

Wintermute, a leading crypto market maker, has lost about $160 million in a hack, a top executive said Tuesday, becoming the latest firm in the industry to suffer a breach. From a report: Evgeny Gaevoy, the founder and chief executive of Wintermute, disclosed in a series of tweets that the firm's decentralized finance operations had been hacked, but centralized finance and over the counter verticals aren't affected. He said that Wintermute -- which counts Lightspeed Venture Partners, Pantera Capital and Fidelity's Avon among its backers -- remains solvent with 'twice over that amount in equity left.' He assured lenders that if they wish to recall their loans, Wintermute will honor that.

Read more of this story at Slashdot.