wintermutestarted to pay off its debts despite the $160 million hacking attack last month.
Wintermute was hacked at the end of September. Hackers stole $160 million from cryptocurrency market maker Wintermute with their attack. Concerns arose over whether Wintermute would be able to pay off his debts after the attack. Wintermute eased concerns by closing one of its biggest debts.
Wintermute Starts Paying Off Debts Despite Hack Attack
Cryptocurrency market maker winturmuteAlthough it lost 160 million dollars in the hack attack, it pays its debts on time.
In the hack attack in late September, 90 digital assets were stolen. It was stated that the value of two tokens was in the range of 1 million to 2.5 million dollars, while the other tokens were worth less than 1 million dollars. Wintermute stated that at that time, he saw the attack as a white-hat hacking activity. Wintermute’s big loss has raised concerns about how he will pay off his debts.
Protocol with $189.4 million in community debt, DeFi loan platform TrueFi He paid back $92 million worth of Tether to . This amount was Wintermute’s biggest debt. Wintermute still owes Maple Finance $75 million in USD Coin and Wrapped Ether (WETH) and a total of $97.4 million to Clearpool.
