The CEO of Wintermute said on Tuesday that hackers had stolen digital assets worth around $160 million from a company that has long been plagued by cybercrime.
The theft targeted London-based Wintermute's decentralised finance operations, Evgeny Gaevoy said in a tweet. After the hack, the firm, which provides liquidity across major cripto exchanges and trading platforms, remains solvent, he said.
Many heists have targeted decentralised finance platforms and software that aim to provide financial services without traditional gatekeepers, such as banks. The sector is little-regulated and victims of crime rarely have recourse.
Gaevoy and Wintermute did not respond immediately to requests for comment.
Wintermute is one of the biggest players in the global criptocurrency market. It says it manages hundreds of millions of assets and trades more than $5 billion a day.
Gaevoy said on Twitter that 90 assets were hacked and that there will be a disruption to our services today and possibly for the next few days.
If you are a lender to Wintermute, we are solvent, but if you feel safer to recall the loan, we can absolutely do that, Gaevoy said.