Wintermute has started to pay off its debts despite the $160 million hack last month.
Wintermute was hacked at the end of September. Hackers stole $160 million from cryptocurrency market maker Wintermute with their attack. Concerns arose over whether Wintermute would be able to pay off his debts after the attack. Wintermute eased concerns by closing one of its biggest debts.
Wintermute Starts Paying Off Debts Despite Hack Attack
Cryptocurrency market maker Winturmute is paying off its debts on time, even though it lost $160 million in the hack attack.
In the hack attack in late September, 90 digital assets were stolen. It was stated that the value of two tokens was in the range of 1 million to 2.5 million dollars, while the other tokens were worth less than 1 million dollars. Wintermute stated that at that time, he saw the attack as a white-hat hacking activity. Wintermute’s big loss has raised concerns about how he will pay off his debts.
With $189.4 million in community debt, the protocol repaid DeFi lending platform TrueFi $92 million worth of Tether. This amount was Wintermute’s biggest debt. Wintermute still owes Maple Finance $75 million in USD Coin and Wrapped Ether (WETH) and a total of $97.4 million to Clearpool.
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