{"id":24652,"date":"2022-09-20T16:37:56","date_gmt":"2022-09-20T11:07:56","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=24652"},"modified":"2022-09-21T13:40:09","modified_gmt":"2022-09-21T08:10:09","slug":"another-day-another-defi-hack-160-million-lost","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/news\/another-day-another-defi-hack-160-million-lost\/","title":{"rendered":"Another day, another DeFi hack; $160 million lost"},"content":{"rendered":"

Wintermute, a leading global crypto market, has reportedly lost $160 million in a hack related to its DeFi operation. For perspective, the firm was named the official DeFi market maker for the Tron network last week.<\/p>\n

Wintermute is the latest in a long list of crypto companies hacked this year. In August, about $200 million was looted from crypto bridge Nomad, just days before DeFi protocol Curve Finance lost $570,000. In March 2022, the Ronin Validator Security Breach exposed the most serious DeFi vulnerability, where the hacker stole 173,600 ETH and 25.5 million USDC from Ronin Bridge.<\/p>\n

Evgeny Gaevoy, the company’s founder and CEO, announced the news on Twitter. However, Mr. Gaevoy has assured lenders on the platform that the firm is still solvent, with “twice over” $160 million in stock remaining. He said the company’s lending and over-the-counter (OTC) services have not been impacted.<\/p>\n

In the Twitter thread, the chief executive went on to say that the lending company is still treating the hack as a white hat attack, and urged the hacker to get in touch. The hacker’s wallet is already found by ZachXBT, an on-chain investigator. The wallet holds around $9 million in ether (ETH) and $38 million in other ERC-20 tokens.<\/p>\n

\"DeFi<\/p>\n

White hat hackers or “ethical hackers” hack companies to identify their security flaws. They can be paid employees or contractors working to find security gaps.<\/p>\n

Blockchain security startup Certik estimated that DeFi attacks cost more than $1.3 billion In 2021. Going by the number of attacks this year, it is likely that the loss will be much higher in 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

Wintermute, a leading global crypto market, has reportedly lost $160 million in a hack related to its DeFi operation. For perspective, the firm was named the official DeFi market maker for the Tron network last week. Wintermute is the latest in a long list of crypto companies hacked this year. In August, about $200 million […]<\/p>\n","protected":false},"author":70,"featured_media":24654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[7701],"tags":[6467,6536],"class_list":["post-24652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-news"],"acf":{"json_ld_schema":"\n[{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#FAQPage\",\"headline\":\"Wall Street jottings: A personal, guided tour to investing in US stocks\",\"keywords\":\"Personal Guide, US Investing, \",\"datePublished\":\"2022-07-22T13:28:55+05:30\",\"dateModified\":\"2022-09-19T19:04:28+05:30\",\"dateCreated\":\"2022-07-22T13:28:55+05:30\",\"author\":{\"@type\":\"Person\",\"name\":\"Akumbenla Jamir\",\"description\":\"\",\"url\":\"https:\/\/coinswitch.co\/switch\/author\/akumbenla\/\",\"sameAs\":[],\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/38aea2873be2850fa7502413626eea19?s=96&d=mm&r=g\",\"height\":96,\"width\":96}},\"image\":[{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#primaryimage\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings.jpg\",\"width\":\"1800\",\"height\":\"1080\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x900.jpg\",\"width\":\"1200\",\"height\":\"900\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x675.jpg\",\"width\":\"1200\",\"height\":\"675\"}]}]\n","json_ld_custom_schema":"","youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"Article Default Disclaimer","key_takeways":false},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/24652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/70"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=24652"}],"version-history":[{"count":2,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/24652\/revisions"}],"predecessor-version":[{"id":24733,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/24652\/revisions\/24733"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/24654"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=24652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=24652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=24652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}