After repaying TrueFi’s $92 million loan, Wintermute still owes Maple Finance and Clearpool $97,4 million in loans.
When Wintermute, a bitcoin market maker, lost $160 million due to a breach, $189.4 million in debt repayment issues appeared.
The loan documents reveal that Wintermute Trading borrowed $92.5 million for 180 days. James Edwards from Libre Blockchain believes that “a portion of the proceeds from their recent “hack” went to the repayment.” Further, he said that BlockSec’s effort to dispel the conspiracy notion around an inside job may be unsuccessful.
Edwards noted that BlockSec was “dead incorrect” in the past when it criticised another company for employing the “Vanity address” tool, adding:
“It’s ludicrous to think that a market maker that trades “billions” (their words) in crypto assets every day would utilize such a tool to construct an address that’s ultimately accountable for managing hundreds of millions of dollars in value.”
TrueFi issued a default notice to Blockwater Technologies on October 10 for failing to make a scheduled payment on a $3.4 million Binance USD loan.
Mango Markets offered the hacker $47 million as a bug reward while asking for the return of $67 million of the stolen assets in an effort to mitigate a $117 million vulnerability.
The bulk of the Mango Markets community, 98%, agreed with the outcome and supported the lack of legal action against the hacker once the $67 million was returned.
However, several members of the community objected to the over $50 million bug prize, which one voter described as “crazy.”
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