Wintermute Hack
What happened
Wintermute was exploited for approximately $27.6M due to an address error.
The funds were supposed to be sent to Wintermute by the Optimism Foundation as part of an agreement to perform Wintermute functions as a market maker on the eve of the launch of the OP token. However, Wintermute provided the address of their multisig on Ethereum as the destination address for Optimism - it was an address that they did not control. The exploiter was able to recreate the multisig address on Optimism and send himself 1M tokens. Then 1M OP was sent to Vitalic's address. The exploiter returned 17M OP on Jun 10th.
Stolen funds:
- 1M OP tokens
Exploiter address: https://optimistic.etherscan.io/address/0x60b28637…ba5107
Transaction behind the attack: https://optimistic.etherscan.io/tx/0xe9491bfb…dee303
Transaction of returning funds: https://optimistic.etherscan.io/address/0x4f3a120e…31cb81#tokentxns
Case & protocol details
Funds Recovery
Recovered
$23.5M
Net Loss
$4,140,000
Evidence & learning
Sources and on-chain records
- report Report wintermute.com
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