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Benzinga
Benzinga
Business
Murtuza Merchant

Human Error Caused $160M Hack Of Algorithmic Market Maker Service Wintermute, Says CEO

Wintermute Evgeny Gaevoy

The theft of about $160 million from algorithmic market maker service Wintermute was caused due to a “human error,” the company’s CEO Evgeny Gaevoy on Wednesday explained the attack vector was associated with Wintermute’s Ethereum (CRYPTO: ETH) vault, used for on-chain decentralized finance (DeFi) trading operations.

The culprit offered a 10% bounty

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