Leading cryptocurrency market maker Wintermute has lost $160 million in a hacking into its decentralised finance (DeFi) operation, the company s CEO said on Tuesday.
(1) Wintermute, an algorithmic liquidity provider for digital assets, today announced the close of a $20M Series B round led by Lightspeed Venture Partners ( Lightspeed ) with participation from Pantera Capital. Jeremy Liew, Partner at Lightspeed, will join Wintermute s Board of Directors.
Other investors joining the round include Sino Global Capital, Kenetic Capital, Rockaway Blockchain Fund, Hack VC, DeFi Alliance, and Avon Ventures, a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments. All existing investors, including Blockchain.com Ventures, also participated. Wintermute has grown almost 25x since Lightspeed led the company s Series A round just six months ago. That rarely happens! We are excited to continue supporting Wintermute and their ambitious expansion plans going forward, says Jeremy Liew, Partner at Lightspeed.