Crypto biz Wintermute loses $160m in cyber-heist, tells us not to stress out Cryptocurrency market maker Wintermute says $160 million in digital assets have been stolen from it in a cyber-heist, though it assures customers that everything's fine. CEO Evgeny Gaevoy admitted on Twitter that Wintermute was suffering from an "ongoing hack" affecting its decentralized finance (DeFi) operations, while its …
"The other Tessier-Ashpool AIs are surely disappointed"
Sub-headings are back on song or so I thought ..... until [jaw drop] 'Tessier-Ashpool' is real !!!
Wintermute has a 'Big ego' or we need to be very very worried ... (suprised that someone like 'Elon' did not get there first !!!)
[Meanwhile in a shed in Japan ..... Ono-sendai is being created !!!]
:)
As since they didn't clarify what happened or how they plan to fix it, you have no reason to expect the same thing to happen with the other half in a couple of days right? This, in addition to the buy high/sell low timing of having to convert shitcoins into liquid stablecoins at the current market rates.
My 0.25 Dogecoin is on an insider stealing the coin, but not having a mixer lined up beforehand. Just because I relish the idea that there is a Cohen Brothers movie playing out where our erstwile thief(I'm envisioning Brad Pitt from burn after reading, with the same look on his face when the closet door gets opened up) panics as they realize their wallet was outed the same day as the heist. No sweat little bro, it's only the whole internet watching ya. Run rabbit!
That or it's a slightly better thought out Mt Gox style job, and they are giving themselves a public cover to convert more assets into a format that's worth buggering off with.
On a more generous note, the Devs might dip into their own wallets to fund a generous loan to the parent company, ensuring a healthy bonus in interest and fees in a time where exchange funds are down along with cryptocurrency prices across the board. Expect interest rates that would make a payday loan company blush.
Ongoing crime indeed.
Oh yes, it's unregulated and you control your own markets, OK, you have at it. Now remind me, how much do you crypto-twats get back if the currency/market goes tits up? Oh yeah, you get to choose, you can have "sweet FA", "bugger all" or "sod all"!
I'll keep may money in an old style bank 'cos if they lose my money for any reason the Gov has a guarantee in place that I get my money back, up to a certain amount.
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