Despite A Hack That Cost $160 Million, Wintermute Is Able To Repay Its $92 Million Truefi Loan On Time

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Last Updated on October 16, 2022 by Bitfinsider

After the incident that caused Wintermute, a bitcoin market maker, to lose $160 million, questions regarding the repayment of debt totaling $189.4 million appeared. On the other hand, in a surprising turn of events, Wintermute was able to repay its largest obligation that was due on October 15 and involved a Tether loan for $92 million that was issued by TrueFi.

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

The documentation for the loan reveals that Wintermute Trading obtained funding in the amount of $92.5 million for a term duration of 180 days. James Edwards, who works with Libre Blockchain, has a sneaking suspicion that “part of the proceeds from their latest “hack” went to the repayment.” He went on to assert that the endeavor made by BlockSec to disprove the conspiracy hypothesis revolving on an inside job theory might be unsuccessful.

To substantiate his claim, Edwards provided the website address (URL) for the vanity address generator tool that Wintermute was purported to have used to produce their own vanity address.

Blockwater Technologies received a notice of default from TrueFi on October 10 as a result of the company’s failure to make a scheduled payment relating to a $3.4 million loan denominated in Binance USD (BUSD).

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