We do the research, you get the alpha!
We’ve been hacked for about $160M in our defi operations. Cefi and OTC operations are not affected
— wishful cynic (@EvgenyGaevoy) September 20, 2022
$64,099.00
1.13%$3,143.50
1.60%$7.26
2.01%$592.84
1.51%$146.83
1.29%$0.999811
-0.07%$3,142.70
1.58%$0.53101
0.65%$0.164526
4.30%$5.90
3.82%$0.45743
0.39%$0.00002496
1.38%$37.31
-0.54%$0.121095
-0.30%$64,104.00
1.43%$466.66
1.49%$14.38
0.64%$7.34
8.24%$0.733946
1.10%$13.19
1.41%$81.26
0.19%$2.39
12.36%$7.58
2.01%$5.88
1.69%$0.115565
7.98%$27.71
3.78%$9.29
2.85%$1.001
0.14%$9.87
11.01%$9.42
8.22%$0.00000867
1.92%$0.133563
1.23%$1.065
3.22%$6.17
2.57%$2.30
-0.51%$2.24
1.83%$3.22
-3.77%$0.111091
0.96%$3,257.95
1.61%$466.44
6.02%$3.14
0.89%$3,098.69
1.79%$51.30
1.99%$2.93
1.01%$1.08
3.21%$0.29475
9.15%$0.0373996
1.70%$2,912.92
1.63%$1.13
5.27%$40.15
11.77%$0.107905
-0.45%$134.36
8.45%$0.998088
-0.18%$2.25
4.78%$24.16
0.08%$0.714856
4.62%$10.32
4.13%$0.00019036
0.47%$2.04
-1.04%$3,477.92
1.78%$0.00002673
-1.76%$5.21
0.03%$1.95
-1.42%$1.17
0.73%$0.0463976
4.29%$0.195716
0.55%$0.567236
1.50%$3,222.29
1.34%$1.10
5.27%$101.19
-0.62%$10.00
-0.13%$0.912411
1.19%$0.02561671
3.78%$89.83
1.73%$64.81
1.24%$2.28
6.39%$0.983153
11.90%$0.854486
6.52%$0.00000126
1.20%$0.672466
-3.05%$1.25
4.15%$0.03093406
1.55%$0.82751
2.21%$16.68
0.95%$5.79
15.53%$5.01
6.81%$42.58
4.04%$0.02174785
-3.70%$0.122074
2.81%$7.46
0.65%$8.17
2.21%$0.452156
1.26%$1.37
3.45%$0.00005034
1.72%$10.32
1.96%$12.24
1.12%$0.02026339
8.51%$0.823445
0.87%$0.961988
0.35%$0.850571
2.01%$2.84
1.94%$0.230597
5.12%$5.51
-0.20%$174.03
1.84%$2.82
3.82%$15.66
0.50%$0.564637
7.19%$0.01918945
0.54%$3,145.67
2.11%$40.22
1.49%$0.448818
1.07%$1.28
3.26%$0.766716
10.58%$3,162.65
1.81%$316.19
2.25%$1.27
3.16%$13.34
2.62%$0.01105805
-0.51%$0.693245
2.52%$18.98
8.01%$0.227786
1.54%$0.997484
0.10%$1.30
0.16%$1.69
-0.25%$2.73
2.17%$0.108756
1.99%$0.00012126
13.19%$2.28
6.32%$174.08
2.24%$0.099237
4.62%$37.98
1.68%$0.182554
0.99%$3,314.56
1.66%$0.998423
-0.03%$0.407854
3.17%$0.992263
10.86%$0.782834
0.42%$3,132.48
1.60%$98.50
1.44%$0.62461
10.49%$1.96
0.32%$0.921034
5.04%$1.67
0.87%$0.604526
-3.38%$0.00000028
1.65%$3,359.52
1.92%$2.64
17.37%$0.308434
4.72%$2,309.51
0.00%$3.39
5.38%$0.09913
1.86%$0.332279
1.31%$0.447796
3.43%$0.056654
2.61%$0.376297
-0.82%$0.999627
-0.06%$1.16
-7.98%$0.03617721
-0.51%$3,404.25
1.70%$0.04942677
1.31%$0.00144107
-1.37%$15.74
3.12%$5.05
0.87%$15.22
13.38%$4.92
0.00%$1.15
-2.91%$0.0455145
0.02%$4.11
4.43%$0.00000047
0.37%$1.83
4.22%$0.02483344
1.98%$0.02630908
1.32%$0.662157
11.68%$0.391606
1.76%$0.994494
5.65%$0.308138
1.44%$1.69
3.77%$0.227595
2.38%$0.00247365
1.16%$0.0078088
-0.23%$0.815455
1.68%$3.76
2.45%$0.03102373
2.14%$3.52
0.29%$0.502328
2.59%$20.84
2.06%$2,285.86
0.35%$1.78
9.68%$3.87
2.47%$0.00727329
-0.16%$0.079167
1.83%$0.389781
3.13%$0.558073
0.70%$58.18
2.00%$3.76
1.87%$3,234.24
1.89%$0.00436034
-9.41%$1,287.19
1.32%$0.931038
3.15%$63.19
1.63%$0.249294
1.32%$0.4776
3.75%$0.797338
-2.32%$0.03767084
3.01%$0.735871
7.51%$0.02963411
0.73%$62.61
3.06%$0.03931353
3.34%$4.45
3.71%$23.26
1.59%$0.006911
10.17%$21.65
1.97%$29.36
1.47%$5.17
2.48%$0.436621
4.06%$32.70
-0.51%$4.02
19.44%$0.514678
11.72%$0.777451
5.33%$0.03932316
-2.88%$0.999464
-0.04%$0.363811
-1.39%$0.366535
8.79%$0.261222
2.28%$0.938265
4.19%$3.39
3.36%$45.66
6.23%$0.0324874
0.34%$41.23
13.08%$7.99
1.97%$3.23
-2.28%$0.858544
5.40%$4.33
18.45%$3.35
1.34%$2.00
-0.18%$0.10781
-0.84%$2.45
3.96%$42.66
0.56%$0.185907
-0.12%$0.00
0.18%$0.398828
-1.86%$0.195414
11.64%$1.88
-1.41%$3,297.09
1.70%$67.68
2.10%$0.159108
2.60%$0.737541
8.51%$0.308366
2.75%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.