Wintermute: Hacking Only Affects DeFi Business, Has Enough Funds to Repay All Loans

Sept 21,2022
KingData News: Cryptocurrency market maker Wintermute tweeted that the hack only affected DeFi business and that no other business was affected, and that Wintermute suspended trading for a few hours after yesterday's hack due to risk management measures and resumed trading in CeFi and OTC yesterday afternoon UTC. Wintermute is still able to meet its settlement obligations in fiat or cryptocurrency, the liquidity service has returned to normal, the loans used to provide liquidity are unaffected and there are still sufficient funds to repay all loans. In addition, Wintermute also stated that the hack was not related to DeFi smart contracts and did not affect any of Wintermute's internal systems, and that no third party or Wintermute data was compromised.
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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