THE HASH: Crypto Market Maker Wintermute Hacked for $160M; MicroStrategy Buys 301 More Bitcoins

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4.7 • 698 Ratings

🗓️ 20 September 2022

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

The most valuable crypto stories for Tuesday, Sept. 20, 2022. "The Hash" hosts talk about how cryptocurrency market maker Wintermute has lost $160 million in a hack relating to its decentralized finance (DeFi) operation, according to a tweet from the company's founder and CEO Evgeny Gaevoy. Plus, a new Securities and Exchange Commission filing reveals MicroStrategy bought 301 bitcoins (BTC) between Aug. 2 and Sept. 19 for about $6 million. See also: Crypto Market Maker Wintermute Hacked for $160M, OTC Services Unaffected MicroStrategy Buys 301 More Bitcoins, Now Holds Almost 130K - I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas - This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.” See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This is the hash podcast.
0:10.2	Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more with stories that matter to the crypto world.
0:17.4	All on the hash for your ears.
0:20.8	You're listening to the Coin Desk Podcast Network.
0:25.6	Hello, everyone. Happy Taco Tuesday. It's The Hash. You're watching on Coin Desk TV and listening on
0:32.2	the Coin Desk Podcast Network. I'm Jen to Nancy. We've got Will Foxley and Wendy O here today on this fine Tuesday morning.
0:41.1	Wendy, you are kicking us off. What do you got? I'm so sad. This is not a Taco Tuesday story.
0:47.2	But even though we have, I know. And you know, I just hope everybody has a very corn-tastic day today,
0:53.0	okay? It's getting old, Wendy.
0:55.0	We got to get a new viral sensation thing to...
0:59.2	Did it go viral in the first place?
1:01.5	Okay, Will, come on.
1:03.2	All right, let's talk about this story.
1:04.4	So, the Ethereum merge went pretty smooth last week, which was great.
1:07.7	Was it last week that it happened?
1:09.1	Crypto just moved so fast.
1:10.1	But unfortunately, we have this happened? Crypto just moves so fast. But unfortunately,
1:11.0	we have this story as crypto market maker. Wintermute has lost 160 million in a hack relating to its
1:17.0	defy operations. Their OTC services have not been affected by the hack. But they provide billions of
1:24.1	dollars in the market every day as they provide liquidity across multiple venues.
1:28.8	And last week, the platform was named as the official defy market maker for the Tron Network.
1:33.8	And they're treating this as a white hat hack.
	...

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