disclosed<\/a> in a series of tweets that the firm\u2019s decentralized finance operations had been hacked, but centralized finance and over the counter verticals aren\u2019t affected.<\/p>\nHe said that Wintermute \u2014 which counts Lightspeed Venture Partners, Pantera Capital and Fidelity\u2019s Avon among its backers \u2014 remains solvent with \u201ctwice over that amount in equity left.\u201d He assured lenders that if they wish to recall their loans, Wintermute will honor that.<\/p>\n
\u201cIf you have a MM agreement with Wintermute, your funds are safe. There will be a disruption in our services today and potentially for next few days and will get back to normal after,\u201d he wrote.<\/p>\n
\u201cOut of 90 assets that has been hacked only two have been for notional over $1 million (and none more than $2.5M), so there shouldn\u2019t be a major selloff of any sort. We will communicate with both affected teams asap.\u201d<\/p>\n
Wintermute provides liquidity on over 50 exchanges and trading platforms including Binance, Coinbase, FTX, Kraken as well as decentralized platforms Dydx and Uniswap. It\u2019s also an active investor, having backed startups including Nomad, HashFlow and Ondo Finance.<\/p>\n
Gaevoy or Wintermute did not disclose when the hack took place or the how the attackers were able to succeed, and whether it has alerted the law enforcement. has reached out to Wintermute for more details.<\/p>\n
Wintermute is the latest in a growing list of crypto firms to have suffered a hack in recent months. Hackers stole over $190 million from cross-chain messaging protocol Nomad just last month. Axis Infinity\u2019s Ronin Bridge lost over $600 million in a hack this April, and Harmony\u2019s Horizon bridge was drained of $100 million in June. More than $1.3 billion were lost in DeFi hack last year, according to crypto auditing platform Certik.<\/p>\n<\/div>\n