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Title: Crypto market maker loses $160 million in DeFi hack Post by: talkoncrypto Official on September 20, 2022, 05:12:30 PM Just came across ,
https://techcrunch.com/2022/09/20/crypto-market-maker-wintermute-loses-160-million-in-defi-hack/ Wintermute provides liquidity on over 50 exchanges and trading platforms including Binance, Coinbase, FTX, Kraken as well as decentralized platforms Dydx and Uniswap. It’s also an active investor, having backed startups including Nomad, HashFlow and Ondo Finance. What do you think will be the the aftermaths of this hack , 1) Will a situation like voyager with 3 arrows happens, 2) Though the amount is small as compared to his profile, but could it lead to impact on other exchanges liquidity 3) It is what they claim as a hack amount, is it possible just to minimize panic they do not disclose the real amount.. 4) Does most of the exchanges are still ignoring the real problems that crypto exchanges faces "Security" 5) What could be the fate of crypto community if this is going to happen every now and then ... as real people who are losing money is not exchanges but the small time/ mass investors ... Share your opinion ... |