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Nov 13

Wintermute’s $162M loss in hindsight, part II.

Wintermute was hacked for $162M on 20. September 2022. It has been one of the biggest amounts stolen from a single entity, as protocol or bridge hacks are typically spread over multiple users. This hack is extraordinary due to the concurrence of two seemingly unrelated events which only together made the exploit possible. In this piece, I follow up on the previous article, and I’m covering the on-chain events of exploit.On-chain vulnerabilityWe already know how the attacker probably got the p...

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Wintermute’s $162M loss in hindsight, part II.

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