Wintermute, a crypto market maker, loses $160M to hacker

Cryptocurrency market maker Wintermute has been hacked for $160M Tuesday within its decentralized finance operations, though its lending and over-the-counter services were not impacted."We’ve been hacked for about $160M in our defi operations. Cefi and OTC operations are not affected," Wintermute CEO and Founder Evgeny Gaevoy wrote in a series of Twitter posts.Gaevoy noted that his company, which provides liquidity across a number of avenues, remains solvent "with twice over that amount in equity left." He didn't provide specifics on how the hack came about.Wintermute is joining a growing list of crypto-related firms that have come under attack in recent months. For instance, bridge protocol Nomad said in August that it lost nearly $200M from hackers in a security exploit. And some 8K digital wallets were drained after Solana's hack. The company is treating the issue as a "white hat" event, encouraging the hacker to come forward, Gaevoy said.Wintermute did not immediately respond to a request for comment by Seeking Alpha.In February, DOJ arrests two for allegedly laundering $4.5B from crypto hack.