Breaking: Wintermute Hacked for $160 Million in DeFi Operations

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Breaking: Wintermute Hacked for $160 Million in DeFi Operations
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.EvgenyGaevoy shares $160 million Wintermute hack details; most funds are safe and the company remains solvent

The CEO also stated that every company and exchange that works with Wintermute should not worry about their funds, and there will be a disruption of Wintermute's services for the next few days.Reportedly, 90 assets were hacked for a notional value of over $1 million, which means that a major sell-off most likely will not appear in certain markets. Only one asset with a notional value of more than $2.5 has been stolen. Gaevoy stated that they will contact the affected teams.

Currently, some whitehat hackers might work in some ways that will help investors to partiallly regain their funds. Validators and miners are technically able to prevent stolen funds from moving on decentralizedCentralized exchanges will most likely mark stolen funds automatically to prevent their appearance on the market.

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