Sources: Palmer Luckey-backed Erebor Bank ended its free stablecoin-to-cash redemption offer after crypto trading firms like Wintermute used it for arbitrage
Sources: Palmer Luckey-backed Erebor Bank ended its free stablecoin-to-cash redemption offer after crypto trading firms like Wintermute used it for arbitrage
When Palmer Luckey's Erebor Bank launched earlier this year, it made an attractive pitch to lure new crypto customers: It would convert their stablecoins to cash for free.
Codex, which is building a blockchain for stablecoins, raised a $15.8M seed led by Dragonfly; Coinbase, Circle, Cumberland, Wintermute, and Selini also invested
Report Nicholas Kitonyi / NFTgators : Dragonfly Leads $15.8M Seed Round for Stablecoin-Focused Blockchain Developer Codex LinkedIn: Momo Ong : It's common understanding that stablecoins are growing ra...
Wintermute partners with Chaos Labs to launch a crypto-based betting site focused on the US presidential election; Polymarket has ~$1B in wagers on that contest
- Wintermute launches new US election betting market with Chaos — Exchanges will be able to list the market free of charge
DefiLlama and Wintermute: the aggregate market cap of stablecoins crossed $164B for the first time since the collapse of Terra in May 2022; USDT is at $114.26B
Omkar Godbole / CoinDesk :
A profile of London-based crypto trading firm Wintermute in the aftermath of UST and FTX's implosion and a $160M hack, as revenues dramatically decline in 2022
By deftly navigating crypto's frontier markets and winning big on the collapse of Terra's stable coin, Wintermute has grown …
Filing: the DOJ's US Trustee unit names nine creditors to FTX's bankruptcy committee that could shape payout plans, including units from Genesis and Wintermute
Filing: the DOJ's US Trustee unit names nine creditors to FTX's bankruptcy committee, which could oversee payouts, including units from Genesis and Wintermute
Bloomberg :
On-chain data: Wintermute, recently hacked for $160M, has $200M in outstanding DeFi debt, including a $92M Tether loan to TrueFi, due to mature on October 15
Crypto market maker Wintermute says hackers stole $160M from its DeFi operations but the firm remains solvent; in total, 90 assets were stolen, most worth <$1M
- Crypto market making firm Wintermute has been hacked. — The firm maintains that it is solvent.