FinTech news in hack category

Evgeny Gaevoy, the founder and chief executive of Wintermute, disclosed in a series of tweets that the firm decentralized finance operations had been hacked, but centralized finance and over the counter verticals aren’t affected. Wintermute, a leading crypto market maker, has lost about $160 million in a hack, a top executive said Tuesday, becoming the latest firm in the industry to suffer a breach.

An unknown actor had drained funds from 7,767 wallets on the Solana network as of 5am UTC on Wednesday, Solana’s Status Twitter account said. Solana spokesperson Chris Kraeuter declined to answer our questions, but referred us to Solana’s Status Twitter account.

The U.S. Justice Department (DOJ) has seized over 94,000 bitcoins that were allegedly stolen in the 2016 hack of crypto exchange Bitfinex and arrested a married couple suspected to have laundered the money, the department announced today. While Morgan and Lichtenstein were not formally accused of perpetrating the hack.

To qualify for the program, users must enable multi-factor authentication on all transaction types where it is available, set up an anti-phishing code at least 21 days prior to the reported unauthorized transaction, file a police report and provide it to Crypto.com, complete a questionnaire to support a forensic investigation, and not be using a jailbroken device, according to the company.

While Crypto.com is the world’s fourth-largest crypto exchange, it has been pushing hard into U.S. markets in recent months, with stunts including viral advertisements featuring actor Matt Damon and a $700 million purchase of the naming rights to the Los Angeles Lakers and Clippers Arena.