DeFi Hacks Contiune To Plague Crypto Industry As Another Firm Loses $160M

Wintermute becomes the latest victim of DeFi hack

According to Etherscan, more than 70 different tokens were transferred to “Wintermute exploiter”.

[{"selector":"#anim-3df994d7-6563-4fde-94d1-2a49f2c974e4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-61efa3a1-1196-41e8-a032-d4d827aca236","keyframes":{"transform":["translate3d(0px, 204.74753%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b2860777-2147-4d5d-9c44-65500b2baa64","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4b6f0edc-99cd-41de-8ec8-65ec4baa37b5","keyframes":{"transform":["translate3d(96.80850%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-53b2089a-0900-4246-a8c5-aae2289124de","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-8de09545-ec69-41dc-8fb8-85e92fd08ca7","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

It included $61,350,986 in USD Coin (USDC), 671 Wrapped Bitcoin (wBTC), which is roughly $13,030,061, and $29,461,533 Tether (USDT).

[{"selector":"#anim-f7a8b410-dbdd-4553-8ae4-9be77375d3a0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-351515b1-9195-43a4-99b7-2ff7f8064ad1","keyframes":{"transform":["translate3d(0px, -448.33749%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3c8cbd6f-757f-4cbf-b1bb-72343481eea5","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-56d81282-f126-4912-ab9d-93016323d284","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The firm’s OTC and centralized financial operations were unaffected as hackers withdrew funds from DeFi transactions.

[{"selector":"#anim-4904c5de-ab29-4723-a326-2693d04b1603","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-be00758b-e0f4-466e-9405-8ab0580d32d0","keyframes":{"transform":["translate3d(-116.51091%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Director Evgeny Gaevoy emphasized that user funds are safe, saying market makers hold twice the stolen amount.

[{"selector":"#anim-a189496a-4290-41c5-86c9-c6cbfb5e32f2","keyframes":[{"offset":0,"transform":"translate3d(0, -453.44695%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -127.50928234000001%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -43.349528420000006%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -16.278745505%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -7.07377242%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":1600,"fill":"both"}]

He added that the company is still treating the hack as a "White hat" event and asked the hacker to get in touch.

[{"selector":"#anim-3b77586a-2d12-42f1-9774-620c4fabf085","keyframes":{"transform":["translate3d(-118.06854%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5d9fe237-dfca-477e-aeb4-fff0c084f6ee","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-abdb09e4-306b-44c0-9265-e6281c266f0d","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

The hacker's wallet has been tracked down by on-chain sleuth ZachXBT, it currently holds around $9 million in ether (ETH) and $38 million in other erc-20 tokens.

[{"selector":"#anim-9a198165-c52f-482f-ab33-f6d1f9ec8759","keyframes":{"transform":["translate3d(110.28038%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-952d788e-c897-4544-a744-08418e25c8f8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9c174bd3-c030-47e3-a596-0e6373b5e101","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Earlier this year, the company accidentally sent $15 million worth of Optimism (OP) tokens to the wrong address. The token was finally returned by the recipient.

[{"selector":"#anim-a871cc51-b71a-443e-9f15-29eea5951d55","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6e8f6f92-3409-4235-91d8-b9e13dc56ac2","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-d1350116-c29f-4a45-8af9-395c7a4021de","keyframes":{"transform":["translate3d(-306.24994%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-a67f0724-1600-43fe-8bb5-8b3960b1508d","keyframes":{"transform":["rotateZ(-180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}] Read More Stories