Wintermute was hacked for $162M on 20. September 2022. It has been one of the biggest amounts stolen from a single entity, as protocol or bridge hacks are typically spread over multiple users. This hack is extraordinary due to the concurrence of two seemingly unrelated events which only together made the exploit possible. In this piece, I follow up on the previous article, and I’m covering the on-chain events of exploit.

Wintermute was hacked for $162M on 20. September 2022. It has been one of the biggest amounts stolen from a single entity, as protocol or bridge hacks are typically spread over multiple users. This hack is extraordinary due to the concurrence of two seemingly unrelated events which only together made the exploit possible. I want to cover both of them in two separate articles starting with the off-chain one.