Wintermute pays up a $92 million TrueFi loan on schedule despite a $160 million hack

Wintermute still owes Maple Finance and Clearpool loans totaling $97.4 million after paying back TrueFi's $92 million loan.

Wintermute still owes Maple Finance and Clearpool loans totaling $97.4 million after paying back TrueFi’s $92 million loan.

Concerns about the repayment of debt totaling $189.4 million arose after Wintermute, a bitcoin market maker, lost $160 million as a result of a cyberattack.

But in a surprising turn of events, Wintermute wiped down its largest debt, a $92 million Tether loan from TrueFi that was due on October 15.

After paying back TrueFi’s $92 million loan, Wintermute still owes $22.4 million to Clearpool, $75 million in wrapped ether (WETH), and USD Coin to Maple Finance, for a total debt of $97.4 million.

Wintermute Trading had borrowed $92.5 million for a term of 180 days, according to the loan’s details.

According to Libre Blockchain’s James Edwards, “part of the proceeds from their latest “hack” may have helped with the payback.”

He added that BlockSec’s attempt to disprove the inside job hypothesis conspiracy theory may have failed.

Edwards claimed that BlockSec’s prior criticism of another company for utilizing the “Vanity address” technology was “absolutely incorrect.”

Edwards cited the GitHub URL for the vanity address generator Wintermute allegedly used to create their vanity address as evidence in support of his assertion, which is displayed below.

Blockwater Technologies received a default notice from TrueFi on October 10 for failing to make a payment due on a loan of $3.4 million in Binance USD (BUSD).

Mango Markets awarded the hacker $47 million as a bug bounty in an effort to fix a $117 million exploit but demanded the return of the remaining $67 million in stolen money.

98% of the Mango Markets community supported the choice and agreed that once the $67 million was restored, no legal action should be pursued against the hacker.

However, several residents voiced disapproval of the nearly $50 million bug prize, calling it “crazy” in the words of one voter.


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