Security News > 2022 > September > Crypto biz Wintermute loses $160m in cyber-heist, tells us not to stress out

Cryptocurrency market maker Wintermute says $160 million in digital assets have been stolen from it in a cyber-heist, though it assures customers that everything's fine.

CEO Evgeny Gaevoy admitted on Twitter that Wintermute was suffering from an "Ongoing hack" affecting its decentralized finance operations, while its centralized finance and over-the-counter trading operations were unaffected.

As has been the case with some past cryptocurrency robberies, Wintermute is treating the attack as a "White hat" operation, suggesting that if the attacker reaches out to the company they're willing to not prosecute, and even potentially let the thief keep some of their stolen funds if the rest is returned.

The Register has reached out to Wintermute to learn more about the attack and whether the crook has responded to its amnesty offer.

The consensual hallucination that is cryptocurrency has been well-fingered by cybercriminals, who routinely log off with tens of millions of dollars in tokens and coins during heists that can be nearly impossible to solve.

Last month, cryptocurrency bridge service Nomad was drained of $190.7 million worth of crypto tokens used to handle cross-blockchain transfers, while $320 million in Ethereum was stolen from bridge service Wormhole early this year.

News URL

https://go.theregister.com/feed/www.theregister.com/2022/09/20/wintermute_hacked_160m/