"Wintermute Loses $162 Million in DeFi Hack"
Wintermute, a global cryptocurrency market maker, revealed a loss of $162.2 million in DeFi operations. According to reports, the digital asset trading firm serves over 50 cryptocurrency exchanges and trading platforms, including Binance, Coinbase, Kraken, and Bitfinex. In response to the hack, CEO Evgeny Gaevoy stated that the company is willing to treat the security incident as a 'white hat' event, implying that the hacker who successfully exploited the vulnerability will receive a guaranteed bounty with no legal ramifications. Currently, the hacker has not revealed any plans to return the stolen funds to Wintermute. Meanwhile, Gaevoy confirmed that the security breach had no impact on Wintermute's centralized finance and over-the-counter operations. In addressing investor concerns, Gaevoy revealed that lenders can choose to recall loans if they so desire. Based on the information available, it appears that the attacker took advantage of a flaw in Profanity, an Ethereum vanity address generator. This article continues to discuss the Wintermute DeFi hack.