Cryptocurrency Trader Wintermute Loses $160 Million in Hack Attack

Hackers stole digital assets worth about $160 million from cryptocurrency trading company Wintermute, Chief Executive Evgeny Gaevoy said on Tuesday on Twitter.

This was the latest heist to hit the crypto industry, plagued by cybercrime.

The theft targeted Wintermute’s decentralized financial operations, Gaevoy said.

The company, which provides liquidity on major cryptocurrency exchanges and trading platforms, remains solvent after the attack, he added.

Gaevoy and Wintermute did not immediately respond to requests for comment.

Wintermute calls itself “one of the biggest players” in the global cryptocurrency markets.

The company says it manages “hundreds of millions” in assets and trades more than $5 billion a day.

Gaevoy said on Twitter that “there will be an interruption to our services today and potentially in the next few days”, adding that around 90 assets were hacked.

“If you’re a Wintermute customer, again, we’re solvent, but if you feel safer to cancel the loan, we can do that,” Gaevoy said.

Source: CNN Brasil

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