Major crypto trader Wintermute hit by $160 million hack, CEO says

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LONDON, Sept 20 (Reuters) – Hackers have stolen digital belongings value round $160 million from crypto buying and selling agency Wintermute, its CEO tweeted on Tuesday, the newest heist to hit a sector lengthy plagued by cybercrime.

The theft focused London-based Wintermute’s decentralised finance operations, Evgeny Gaevoy stated in a tweet. The agency, which offers liquidity throughout main crypto exchanges and buying and selling platforms, stays solvent after the hack, he added.

Decentralised finance platforms and software program, which goal to supply crypto-based monetary providers with out conventional gatekeepers comparable to banks, have been focused by quite a few heists in recent times. The sector is little-regulated and victims of crime hardly ever have recourse.

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Gaevoy and Wintermute didn’t instantly reply to requests for remark.

Wintermute calls itself “one of many largest gamers” in international crypto markets. It says it manages “tons of of tens of millions” in belongings and trades greater than $5 billion a day.

Gaevoy stated on Twitter “there shall be a disruption in our providers right now and doubtlessly for subsequent few days,” including that some 90 belongings have been hacked.

“If you’re a lender to Wintermute, once more, we’re solvent, however should you really feel safer to recall the mortgage, we will completely do this,” Gaevoy stated.

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Reporting by Tom Wilson
Editing by Alun John, Tommy Reggiori Wilkes and Louise Heavens

Our Standards: The Thomson Reuters Trust Principles.

https://www.reuters.com/know-how/major-crypto-trader-wintermute-hit-by-160-million-hack-ceo-says-2022-09-20/

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