Crypto firm Wintermute hit by $160 million loss | Crypto

Crypto firm Wintermute hit by $160 million loss

-Hackers have stolen $160 million worth of cryptocurrency from crypto market maker Wintermute.
-The incident marks the latest in a growing list of large crypto thefts this year.
-The hack is said to have targeted Wintermute’s decentralized finance (DeFi) operations.
-DeFi services are viewed as “uniquely vulnerable to hacking” due to their open source code, large pools of assets and rapid growth.
-In the first seven months of 2022, $1.9 billion worth of cryptocurrency was stolen in hacks of various services.

220920094506 cybercrime stock super tease Crypto firm Wintermute hit by $160 million loss

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