Well-known vulnerability in private keys likely exploited in $160M Wintermute hack

Blockchain cybersecurity company Certik has said a vulnerable private key was attacked in the Wintermute hack. A vulnerability in private keys generated by the Profanity app was likely exploited. The vulnerability has been known since at least January.

The U.K.-based algorithmic crypto market maker announced the hack on Tuesday and said over-the-counter and centralized finance operations were not affected. About $162.5 million worth of cryptocurrencies were taken. “We are solvent with twice over that amount in equity left,” Wintermute CEO Evgeny Gaevoy said in a tweet.

Continue Reading on Coin Telegraph

Source link