The Crypto market-making firm Wintermute just lost 20 Million tokens after a massive wallet management error. The tokens were provided to Wintermute to support liquidity and easier transactions for investors, and they took precautions to test the exchange before they sent the bulk of the tokens.
However, once they sent the large deposit, they discovered that the address being used was unregistered and they “lost” the tokens. Before they could recover the account, a hacker intercepted and stole the $17.6 Million worth of tokens.
Original Video: https://youtu.be/a5TKTdot8GI
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