Cyber sleuth alleges $160M Wintermute hack was an inside job

A fresh new crypto conspiracy theory is afoot — this time in relation to last week’s $160 million hack on algorithmic market maker Wintermute — which one crypto sleuth alleges was an “inside job.”

Cointelegraph reported on Sept. 20 that a hacker had exploited a bug in a Wintermute smart contract which enabled them to swipe over 70 different tokens including $61.4 million in (USDC), $29.5 million in (USDT) and 671 Wrapped (wBTC), worth roughly $13 million at the time.

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