Wintermute is yet to refute the astonishing claims made by the on-chain analyst.
The leading crypto market maker, Wintermute, suffered a $160 million breach in its decentralized finance operations last week. On-chain data revealed tens of millions of dollars worth of Dai, USDC, Tether, Wrapped ETH, and other assets transferred from the company to a wallet address flagged as “Wintermute Exploiter.”if law enforcement was notified, it went on to offer a 10% bounty to the hacker on the ill-gotten funds and treat the breach as a “white hat” event.
Edwards questioned the transparency of the project while pointing out the lack of uploaded, verified code for the Wintermute smart contract in question, making it impossible for the community to confirm that the hacker was not internal. Typically, any smart contract responsible for the management of user/customer funds deployed onto a blockchain is up for public verification.
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