Security News > 2022 > September > Crypto Trading Firm Wintermute Loses $160 Million in Hacking Incident

In what's the latest crypto heist to target the decentralized finance space, hackers have stolen digital assets worth around $160 million from crypto trading firm Wintermute.

The hack involved a series of unauthorized transactions that transferred USD Coin, Binance USD, Tether USD, Wrapped ETH, and 66 other cryptocurrencies to the attacker's wallet.

The company said that its centralized finance and over-the-counter operations have not been impacted by the security incident.

Details surrounding the exact exploit method used to perpetuate the hack is unknown at the moment, although Gaevoy said the attack was likely caused by a "Profanity-type exploit" in its trading wallet.

Subsequently, the attack vector was exploited by malicious actors to drain $3.3 million from Ethereum addresses made with Profanity on September 16, 2022.

The Wintermute breach is the latest attack on DeFi protocols, including that of Axie Infinity, Harmony Horizon Bridge, Nomad, and Curve.

News URL

https://thehackernews.com/2022/09/crypto-trading-firm-wintermute-loses.html