Well knock me down with a feather, it's yet another $160 million crypto hack

It must be a day ending in 'y'.

2022 has so far been something of an annus mirabilis for the crypto sector, which in the macro picture has been struggling with the fallout of the gigantic collapse of the Terra ecosystem, while on the micro scale crypto companies of all stripes have suffered hack after hack.

All that really matters for our purposes is this: Wintermute holds a lot of crypto, and now it's been hacked and holds much less ."We’ve been hacked for about $160M in our defi [decentralised finance] operations," Wintermute CEO Evgeny Gaevoy writes."Cefi [centralised finance] and OTC [over-the-counter] operations are not affected."

That remains to be seen. Crypto-watchers are curious about exactly how much debt Wintermute is carrying, and whether it's as robust as it claims. Gaevoy went on to detail that 90 different types of digital asset were stolen in the hack, totalling $160 million.

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