Crypto market firm, Wintermute’s founder and CEO Evgeny Gaevoy revealed in a series of tweets that the firm has lost nearly $160 Million in a DeFi hack. However, the firm has also added that Centralized Finance Operations and Over the Counter verticals remain unaffected by the hack.
Gaevoy tweeted out saying that users having a MM agreement with Wintermute have their funds safe. He has informed users that there will be a disruption in Wintermute’s services today and potentially for the next few days but will get back to normalcy later.
The CEO assured that the company remains solvent with twice over that amount in equity left. But he added that if a lender wants to feel safer and recall its loan, the firm will do that too.
He tweeted, “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”.
The CEO concluded by saying that the firm is still open to treat the attack as a white hat and urged the attacker to “get in touch”.
Also Read: TRON DAO Reserve adds Wintermute to its List of Whitelisted Institutions
