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.

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