$77,034.00
0.53%$2,323.14
2.05%$1.24
1.52%$1.39
0.24%$625.59
0.45%$0.999803
0.00%$84.60
0.97%$0.322352
-0.37%$1.033
0.29%$0.102219
2.93%$54.61
0.94%$0.999805
0.01%$40.58
0.63%$10.37
0.08%$0.249117
1.49%$452.87
1.62%$380.00
0.96%$9.31
1.04%$0.15009
0.23%$335.13
-0.35%$0.163537
-0.49%$3.52
-0.82%$0.999747
-0.00%$55.86
1.38%$9.28
1.38%$0.08988
1.19%$0.999238
0.01%$0.929202
0.80%$0.00000618
1.04%$0.00752503
2.72%$0.999965
0.02%$1.31
0.87%$0.069137
-0.23%$1.12
0.00%$4,575.53
-1.12%$262.66
5.94%$0.999885
0.01%$0.073333
-0.03%$1.00
0.00%$4,571.28
-1.15%$0.635107
0.73%$3.28
2.38%$0.196353
4.92%$0.086246
-2.29%$0.996247
-0.10%$1.36
1.15%$83.12
-0.50%$0.658834
3.55%$0.00000182
-0.49%$0.0000039
1.78%$0.999969
-0.01%$0.999838
0.05%$96.86
-0.19%$1.97
0.45%$2.43
1.20%$1.13
-0.16%$8.46
0.98%$0.9991
-0.04%$1.10
0.00%$0.265669
1.79%$2.00
4.40%$8.52
1.37%$7.33
0.78%$1.00
0.00%$69.60
0.56%$0.113202
-1.15%$1.97
-0.57%$1.23
0.06%$0.092763
1.34%$105.75
0.00%$11.06
0.02%$0.107955
2.72%$1.77
0.91%$0.03291064
0.20%$0.891266
0.48%$0.251612
0.81%$1.004
4.73%$0.0354601
-1.40%$0.12715
1.00%$0.937564
2.03%$0.083473
1.77%$0.01235693
-0.70%$0.00189478
7.88%$0.00764003
-0.49%$0.01002592
0.84%$0.188484
-1.46%$0.080099
0.45%$0.00717583
0.31%$115.07
0.01%$0.02982226
-1.49%$1.00
0.04%$0.999472
0.03%$12.38
-14.35%$2.48
0.05%$0.03396766
0.84%$0.998209
0.02%$0.00000629
2.26%$0.99984
-0.00%$0.685626
-3.25%$1.52
1.29%$1.001
-0.01%$0.01248569
0.68%$0.04620272
-5.71%$0.704537
2.94%$1.32
-1.72%$0.199166
-1.37%$0.479305
3.77%$34.99
0.23%$1.17
0.06%$0.226498
1.38%$8.98
1.38%$0.382563
-1.73%$3.98
-0.77%$0.99885
0.05%$1.031
0.00%$0.059539
0.56%$1.83
-10.85%$0.380888
4.14%$0.999699
0.03%$1.47
3.51%$0.00006543
-7.00%$3.58
0.40%$0.427385
0.36%$0.01841545
0.93%$0.233128
2.90%$0.377513
1.97%$146.31
-1.95%$0.02936592
2.05%$0.368437
3.81%$0.392237
-0.63%$0.066889
-0.00%$125.84
2.01%$19.03
-0.24%$0.00335415
-7.29%$1.034
0.02%$0.180898
23.29%$0.00000032
0.09%$0.060475
2.17%$15.56
0.71%$0.00003225
1.12%$0.00000031
-0.87%$19.11
-0.41%$0.085474
-0.05%$0.00590934
-0.33%$0.999724
0.01%$0.246939
0.71%$0.00000136
0.84%$0.999739
0.00%$0.04809178
0.30%$0.04686187
-0.72%$72.60
-0.22%$0.988705
-0.18%$0.025146
3.06%$0.123291
1.50%$0.145327
0.92%$1.48
3.00%$0.056814
0.93%$2,337.94
2.12%$0.096441
1.50%$0.07444
0.83%$6.11
1.54%$0.03982136
4.14%$1.37
4.77%$0.229126
43.56%$0.999925
0.03%$23.63
2.23%$0.900507
6.59%$0.00577942
0.99%$1.76
0.61%$0.984361
0.00%$1.00
0.03%$0.78618
6.15%$0.837376
-2.75%$0.07764
1.07%$0.206285
5.35%$0.00216472
-0.97%$0.206077
-1.55%$0.349682
1.90%$1.00
0.00%$2.84
-0.04%$0.090785
-1.86%$0.191364
2.74%$0.527849
5.18%$0.04956548
-0.66%$0.85613
18.60%$0.431987
-0.43%$0.180357
2.09%$0.53406
-3.02%$0.092198
-0.88%$0.503864
-1.20%$0.04690483
0.60%$0.770609
5.93%$1.091
-0.23%$0.953617
-3.18%$1.082
0.01%$2.07
1.34%$0.339241
-4.39%$0.02066876
-4.05%$0.073645
0.96%$1.074
-0.02%$1.00
0.09%$0.999336
0.04%$1.00
0.00%$1.76
0.02%$0.00335785
1.45%$0.343846
1.52%$0.995832
0.09%$1.74
0.86%$0.094869
6.93%$0.065694
-1.89%$0.01581368
1.47%$0.153779
-15.07%$0.00154551
-0.10%$0.101233
-0.01%$1.00
0.00%$1.22
0.24%$0.412908
-0.28%$0.999632
-0.06%$0.507253
6.89%$0.146424
-3.39%$0.999583
0.07%$9.55
2.00%$0.170025
0.45%$0.057289
14.37%$0.00000713
1.78%$1.098
0.08%$0.315432
5.87%$0.167447
7.32%$0.139263
5.03%$0.068317
-3.94%$0.99976
0.02%$1.00
0.00%$0.095204
0.99%$1,097.00
-0.03%$0.424738
1.50%$1.018
-0.09%$1.68
-1.22%$0.316114
-2.25%$0.187998
7.11%$0.01789878
1.26%$0.129337
-1.65%$4.25
0.65%$0.131728
1.28%$1.00
0.10%$1.90
0.72%$0.917557
-16.73%$0.0000006
-0.61%$6.25
-3.49%
Algorithmic market maker service Wintermute suffered a security breach on Tuesday, with hackers making off with around $160 million across 90 assets within the platform's portfolio.
In a brief statement published on Twitter, Wintermute founder and CEO Evgeny Gaevoy stated that “we’ve been hacked for about $160M in our defi operations. Cefi and OTC operations are not affected.”
While around $160 million has been appropriated by the hacker, Gaevoy noted that “out of 90 assets that has been hacked only two have been for notional over $1 million (and none more than $2.5M),” and that as a result there shouldn’t be a “major selloff” of assets.
We’ve been hacked for about $160M in our defi operations. Cefi and OTC operations are not affected
— wishful cynic (@EvgenyGaevoy) September 20, 2022
Gaevoy assured users, lenders and partners of the platform that they are “solvent with twice over that amount in equity left”, so all associated entities should expect a full restoration of operations within the coming days.
Gaevoy added that Wintermute remains open to treating the hack as a “white hat” scenario, in which the hacker returns the funds and receives a reward for identifying a vulnerability.
While Gaevoy’s tweet was published around 8am UTC, a number of Twitter users seemingly uncovered suspicious activity affecting Wintermute as early as 6am UTC, engaging in a debate on the ins and outs of wash trading after discovering that large amounts had been transferred from Wintermute into exchange liquidity pool 3pool.
Following Gaevoy’s announcement, self-proclaimed on-chain sleuth and 2D detective ZachXBT claimed to have identified the hacker’s wallet address, which contains $47.8 million in its wallet, with the remaining $114.3 million in the decentralized stablecoin exchange Curve Protocol.
Further investigation on blockchain exploration platform EtherScan reveals that the wallet in question has made 45 transactions over the past 5 hours, and holds a plethora of 80 tokens in their wallet including $12.9 million of Wrapped Bitcoin (WBTC), $3.9 million of Pax Dollar (USDP), and $2.3 million in Somnium Space CUBE tokens, among others.
Decrypt has reached out to Wintermute for comment and will update this story should the company respond.
