Maple: Wintermute has the ability to absorb losses, agreement depositors are not affected

Sept 20,2022
KingData News: Maple Finance, an institutional lending agreement, tweeted that it was in communication with Wintermute, which said it was well positioned to cover losses from the hack and would continue to service Maple Finance loans, so depositors would not be affected. Wintermute's most recent financials support that there is sufficient equity buffer to meet their obligations and they are providing refreshed financials to the Delegates for review. As previously reported, on August 11, Maple Finance launched a $40 million liquidity pool backed by crypto-native investment firm Maven 11, with borrowers including Wintermute.
This metrics provides a follow-up of hack incidents such as the exploitation of the Harmony-eco cross-chain bridge Horizon and the NFT lending protocol XCarnival.
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