THE HASH: Crypto Market Maker Wintermute Hacked for $160M; MicroStrategy Buys 301 More Bitcoins
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 20 September 2022
⏱️ 26 minutes
🧾️ Download transcript
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
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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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