Yet another major crypto firm has been hacked TechRadar Skip to main content TechRadar is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Here's why you can trust us. Yet another major crypto firm has been hacked By Sead Fadilpašić published 21 September 2022 Roughly $160 million in various tokens stolen from Wintermute (Image credit: eToro) Audio player loading… Crypto market maker Wintermute has suffered a significant cyberattack that saw the culprits manage to steal $160 million worth of digital assets. In a Twitter thread (opens in new tab), company CEO Evgeny Gaevoy said that the attackers targeted Wintermute's DeFi proprietary trading operations, which are "completely separate and independent" from its CeFi and OTC operations. "The attack was in relation to our wallet used for DeFi proprietary trading operations, which are completely separate and independent from our CeFi and OTC operations. Our internal systems in both Cefi and Defi are not affected, as well as any internal or counterparty data," he added. Company remains solvent Further explaining what had happened, Gaevoy said the attack was "likely linked" to the Profanity-type exploit of its DeFi trading wallet. "We did use Profanity and an internal tool to generate addresses with many zeroes in front. Our reason behind this was gas optimization, not "vanity"," he added, before stating that the last time the team generated such addresses was in June. "We have since moved to a more secure key generation script. As we learned about the Profanity exploit last week, we accelerated the "old key" retirement," Gaevoy stated. Despite the breach and its damaging effect, Gaevoy said customers shouldn't be too worried, as funds for customers with Wintermute agreements are safe. The company is still solvent, "with twice over that amount in equity left." Read more> More crypto wallets are being hacked and drained > 2FA compromise led to Crypto.com hack > Here are the best endpoint protection services right now (opens in new tab) All in all, the crooks stole 90 different token, including stablecoins USDC and USDT. While the investigation is still ongoing, the team is trying to solve this the easy way, by offering the attacker a 10% bounty if they return the remaining funds. In a subsequent tweet, Gaevoy said: "To the hacker, we offer a 10% bounty on funds taken. To make it easy, we propose for you to transfer all of the funds taken through the exploit, save for $16M USDC." At press time, no payment has yet been made.These are the best firewalls (opens in new tab) around Via: The Register (opens in new tab) Sead Fadilpašić Sead is a seasoned freelance journalist based in Sarajevo, Bosnia and Herzegovina. He writes about IT (cloud, IoT, 5G, VPN) and cybersecurity (ransomware, data breaches, laws and regulations). In his career, spanning more than a decade, he's written for numerous media outlets, including Al Jazeera Balkans. He's also held several modules on content writing for Represent Communications. See more Computing news Are you a pro? Subscribe to our newsletter Sign up to theTechRadar Pro newsletter to get all the top news, opinion, features and guidance your business needs to succeed! Thank you for signing up to TechRadar. You will receive a verification email shortly. There was a problem. Please refresh the page and try again. MOST POPULARMOST SHARED1The iPhone 14 Pro is made of the wrong stuff; the Pixel 7 proves that to me2Stop saying Mario doesn't have an accent in The Super Mario Bros. Movie3Google Pixel Tablet is what Apple should've done ages ago4RTX 4090 too expensive? Nvidia resurrects another old favorite5More than one million credit card details leaked online1The iPhone 14 Pro is made of the wrong stuff; the Pixel 7 proves that to me2iPhone 15 tipped to come with an upgraded 5G chip3If this feature succeeds for Modern Warfare 2, Microsoft can't ignore it4Apple October launches: the new devices we might see this month5The Rings of Power episode 8 trailer feels like one big Sauron misdirect Technology Magazines (opens in new tab)● (opens in new tab)The best tech tutorials and in-depth reviewsFrom$12.99 (opens in new tab)View (opens in new tab)