Cryptocurrency market maker Wintermute has lost $160 million in a hack relating to its decentralized finance (DeFi) operation, according to a tweet from the company’s founder and CEO Evgeny Gaevoy
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The firm’s lending and over-the-counter (OTC) services have not been affected.
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Wintermute’s CEO Evgeny Gaevoy said that the company remains solvent with “twice over” $160 million remaining in equity.
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Gaevoy added that the company is still treating the hack as a “white hat” event and asked the hacker to get in touch.
