Hackers robbed $160 million of digital assets from this crypto exchange

Via his Twitter account, Gayvoy said, “Short communication on the ongoing Wintermute hack.” He revealed, “We’ve been hacked for about $160M in our defi Operation.”

However, the founder ensured that Cefi and OTC operations are not affected. “We are solvent with twice that amount in equity,” he said.

According to the founder, of the 90 properties that have been hacked, only two are for an estimated $1 million (and no more than $2.5M). “So there shouldn’t be any big sales,” he said.

“We will communicate with both affected teams as soon as possible,” said Wintermute CEO.

If an investor has an MM agreement with Wintermute, their funds are safe.

To Lenders “We are solvent, but if you feel safe taking the loan back, we absolutely can do that,” said Wintermute’s CEO.

Gayvoy said they’re still prepared to treat it as a white hat, adding, “So if you’re the attacker — get in touch.”

Talking about Wintermute’s services, Gevoy said, “Our services will be disrupted today and potentially over the next few days and will return to normal thereafter.”

Wintermute is a leading algorithmic trading firm focused on innovative digital asset markets and creating the future of finance, while also empowering its employees to act like owners and achieve more than is possible anywhere else.

Gayvoy has over 15 years of experience in growing fintech businesses. He has consistently grown market share in Europe’s top fiat exchanges, developed and executed ambitious expansion projects, and led agile cross-functional teams.

Prior to Wintermute, Gayvoy created and operated Optivar’s European ETF business (HFT and OTC), which is the largest in the European Union.

The crypto exchange is backed by top tier technology and blockchain venture capital firms.

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