CEO of Crypto Market Maker Wintermute on $160 Million Hack of Their DeFi Operations | Cryptoglobe

On Tuesday (September 20), Evgeny Gaevoy, Founder and CEO of crypto market maker Wintermute, announced that their DeFi operations had been “hacked for about $160M.”

Source: Wintermute

The Wintermute CEO took to Twitter a short time ago to say that centralized finance and over-the-counter (OTC) operations “are not affected” and that they are “solvent with twice over that amount in equity left.”

He went on to say:

“If you have a MM agreement with Wintermute, your funds are safe. There will be a disruption in our services today and potentially for next few days and will get back to normal after. Out of 90 assets that has been hacked only two have been for notional over $1 million (and none more than $2.5M), so there shouldn’t be a major selloff of any sort.

“We will communicate with both affected teams asap. 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. We are (still) open to treat this a s a white hat, so if you are the attacker – get in touch.“

Haseeb Qureshi, Managing Partner at crypto-focused venture capital firm Dragonfly, had this to say:

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