The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

DeFi CEO Attempts Negotiation As $160,000,000 Goes Missing From Crypto Platform

by Daily Hodl Staff
September 20, 2022
in Scams, Hacks & Breaches

The chief executive of a recently hacked decentralized finance (DeFi) platform is attempting to negotiate with presumed hackers after a $160 million attack.

The Wintermute DeFi platform was recently hacked and saw $160 million worth of crypto assets vanish.

According to blockchain security firm PeckShield, a large amount of stablecoins, plus some Ethereum (ETH) and Wrapped Bitcoin (WBTC) made up the lions share of the missing funds.

“$160 million were stolen from Wintermute exploit, including 73% of stolen funds ($118.4 million) are stablecoins (DAI, USDT, USDC, USDP), 8% in WBTC and 6% in ETH

Etherscan shows that Wintermute exploiter is the 3rd largest holder of CRV (~$112 million).”

Source: PeckShieldAlert/Twitter
Source: PeckShieldAlert/Twitter

Wintermute founder and CEO Evgeny Gaevoy addressed the attack, and said that the firm was willing to talk to the hacker and reach a compromise.

“Short communication on the ongoing Wintermute hack:

We’ve been hacked for about $160 million in our DeFi operations. [Centralized finance] and [over-the-counter] operations are not affected.

We are solvent with twice over that amount in equity left.

If you have a MM agreement with Wintermute, your funds are safe. There will be a disruption in our services today and potentially for next few days and will get back to normal after.

Out of 90 assets that has been hacked only two have been for notional over $1 million (and none more than $2.5 million), so there shouldn’t be a major selloff of any sort. We will communicate with both affected teams ASAP.

If you are a lender to Wintermute, again, we are solvent, but if you feel safer to recall the loan, we can absolutely do that.

We are (still) open to treat this as a white hat, so if you are the attacker – get in touch.”

A white hat hack in crypto is akin to an ethical exploit – a shakedown of a system to prove its flaws rather than drain its resources.

At time of writing, the hacker has yet to respond.

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Tithi Luadthong

Submit a Press Release

Industry Announcements

  • GUNZ Announces GUN Token Expansion to Solana
    July 7, 2025
  • BioMatrix Surpasses Five Million Verified Users, Setting New Standards for Real Human Engagement in Web 3.0
    July 7, 2025
  • NEXST Launches Web 3.0 Virtual Reality Entertainment Platform With K-Pop Group UNIS As First Global Partner
    July 7, 2025
  • Little Pepe Surpasses $4 Million in Presale, Emerging as One of the Leading Meme Coins of 2025
    July 6, 2025
  • The Open Platform Is First Unicorn in Web 3.0 Ecosystem in Telegram at $1 Billion Valuation
    July 3, 2025
  • P2P.org Brings Native ETH Staking to Ledger Live Globally
    July 3, 2025
  • Cooking.City Bringing Back Value Redistribution to Solana Fair Launches
    July 3, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$107,776.88
$107,776.88
1.28%
Ethereum
$2,527.85
$2,527.85
1.54%
BNB
$658.31
$658.31
0.56%
Solana
$148.90
$148.90
1.65%
XRP
$2.26
$2.26
0.4%

Spotlight

  • Crypto Analyst Sees Bitcoin Treasury Companies Igniting BTC Rallies to $150,000 or Higher – Unless This Happens
    June 30, 2025
  • Solana Rival SUI Gearing Up for Major Outperformance Following Correction, According to Real Vision CEO Raoul Pal
    June 30, 2025
  • Records of 166,953 Americans Now at Risk – Health Care Firm Says Attacker May Have Exposed Names, Addresses, Social Security Numbers and More
    June 30, 2025
  • Bank Suddenly Shut Down by US Regulators in Second Bank Failure of 2025
    June 30, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl