Crypto trader Wintermute hit by $160 mn hack

Wintermute CEO Evgeny Gaevoy said hackers have stolen digital assets worth around $160 million from crypto trading firm.
Bitcoin exchange
The theft targeted London-based Wintermute’s decentralised finance operations, Evgeny Gaevoy said in a tweet. Wintermute, which provides liquidity across major crypto exchanges and trading platforms, claims that it remains solvent after the cyber attack.

Wintermute says it is 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.

Evgeny Gaevoy said there will be a disruption in its services today and potentially for next few days. Some 90 assets were hacked, Evgeny Gaevoy said.

“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,” Evgeny Gaevoy said.

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