HacCrypto market maker Wintermute’s CEO Evgeny Gaevoy revealed that the agency was hacked for $160 million in its DeFi operations.

According to Gaevoy, round 90 property have been hacked, with solely two having a notional worth of greater than  $1 million (and none greater than $2.5M). He acknowledged that he didn’t anticipate any main sell-off.

Gaevoy didn’t reveal the affected digital property.

Gaevoy continued that market-making funds are protected, including that lenders who need to recall their funds to the agency can “absolutely do that.”

Meanwhile, the CEO stated the agency’s Cefi and OTC operations weren’t affected by the hack.

Gaevoy additionally reiterated that the agency stays solvent.

The agency additionally expressed willingness to deal with the hack as a white hat assault, urging the hacker to get in contact.

Wintermute is among the largest market makers in the crypto trade. The agency not too long ago grew to become the official market maker for Tron (TRX) blockchain. The market maker additionally supplies liquidity on main exchanges like Binance, FTX, Huobi, and so forth.

CryptoSlate couldn’t get a response from Wintermute as of press time.

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