The post Cryptocurrency Market Maker Wintermute Lost $160 Million in a Hack appeared first on Stablecoin Vs Fiat Currencies: Features, difference, And Factors According to a tweet from Wintermute’s founder and CEO Evgeny Gaevoy, the cryptocurrency market maker lost $160 million in a hack relating to its decentralized finance (Defi) operation. The company’s consumer lending and over-the-counter (OTC) services have not been disrupted. Decentralized finance is a term that refers to financial activities executed using blockchain technology without …
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