Crypto firm Wintermute hit by $160 million theft
Featured
Fear & Greed Index
Something isn’t loading properly. Please check back later.
Latest in tech
Laura Shin, host of the crypto podcast “Unchained” joins “Nightcap’s” Jon Sarlin to break down how the second most valuable crypto changed its core infrastructure while also slashing its energy usage. For more, watch the full Nightcap episode here.
” data-duration=”01:12″ data-editable=”settings” data-headline=”The Ethereum merge, explained” data-index=”idx-0″ data-show-name=”” data-show-url=”” data-source=”CNN” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_ca63727bf7e6b76e037d127f2c68c787-h_32641346c7e11d40da2b8a2661aaf2e3@published” data-video-id=”business/2022/09/15/nightcap-merge-ethereum-clip-orig.cnn” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_ca63727bf7e6b76e037d127f2c68c787-h_32641346c7e11d40da2b8a2661aaf2e3@published”>
Now playing
The Ethereum merge, explained
Apple’s iOS 16 now allows iMessage users for the first time in the iPhone’s history to edit and unsend texts. CNN Business’s Samantha Kelly walks you through how to edit your iMessage and unsend that late night embarrassing text.
” data-duration=”02:24″ data-editable=”settings” data-headline=”You can now edit and unsend iMessages. Here’s how it works” data-index=”idx-1″ data-show-name=”” data-show-url=”” data-source=”CNN” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_af98436e7d65c38f143a4d6559d2f0d3″ data-video-id=”business/2022/09/16/imessage-edit-unsend-ios-16-demo-jg-orig.cnn” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_af98436e7d65c38f143a4d6559d2f0d3″>
Now playing
You can now edit and unsend iMessages. Here’s how it works
What’s Facebook’s plan for attracting younger users? Recode’s Shirin Ghaffary joins “Nightcap’s” Jon Sarlin to discuss the existential moment of change at Facebook. For more, watch the full Nightcap episode here.
” data-duration=”02:29″ data-editable=”settings” data-headline=”Here’s why Facebook is facing an existential moment. Hint: your mom is probably on it all the time” data-index=”idx-2″ data-show-name=”” data-show-url=”” data-source=”CNN” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_6f0c19c7531a816d8ade2df2cb16b7bc” data-video-id=”business/2022/09/15/nightcap-facebook-tik-tok-clip-orig.cnn” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_6f0c19c7531a816d8ade2df2cb16b7bc”>
Now playing
Here’s why Facebook is facing an existential moment. Hint: your mom is probably on it all the time
CNN’s Donie O’Sullivan reports on the Senate hearing where Twitter whistleblower Peiter “Mudge” Zatko told lawmakers about huge security vulnerabilities at the company that he called “a danger to democracy.”
” data-duration=”03:07″ data-editable=”settings” data-headline=”Twitter whistleblower says company is a decade behind industry security standards” data-index=”idx-3″ data-show-name=”The Lead” data-show-url=”https://www.cnn.com/shows/the-lead” data-source=”CNN” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_839bd6886cc33047b8831eaf45cba75c” data-video-id=”business/2022/09/13/twitter-whistleblower-hearing-security-donie-osullivan-dnt-lead-vpx.cnn” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_839bd6886cc33047b8831eaf45cba75c”>
Now playing
Twitter whistleblower says company is a decade behind industry security standards
Apple unveiled its iPhone 14 and iPhone 14 Pro lines, which include a larger screen, camera updates, and a redesign of the black notch on the top of the screen.
” data-duration=”01:59″ data-editable=”settings” data-headline=”See Apple’s new iPhone 14″ data-index=”idx-4″ data-show-name=”” data-show-url=”” data-source=”CNN Business” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_1bb93549d6e832a29c8143e4e9735be3″ data-video-id=”business/2022/09/07/iphone-14-max-pro-apple-mc-orig.cnn-business” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_1bb93549d6e832a29c8143e4e9735be3″>
Now playing
See Apple’s new iPhone 14
In 2016, Disney came close to buying Twitter. During a recent interview with Recode, former CEO Bob Iger reiterated past comments about why the deal fell through, as well as shedding some light on what Disney found when searching for fake accounts.
” data-duration=”01:49″ data-editable=”settings” data-headline=”Bob Iger: Disney buying Twitter ‘would’ve been irresponsible'” data-index=”idx-5″ data-show-name=”” data-show-url=”” data-source=”CNN Business” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_4dea3f4cde28353803bc80376dee540c” data-video-id=”business/2022/09/08/bob-iger-twitter-disney-mc-orig.cnn-business” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_4dea3f4cde28353803bc80376dee540c”>
Now playing
Bob Iger: Disney buying Twitter ‘would’ve been irresponsible’
Authorities in Michigan are investigating how a missing voting machine from the state wound up for sale on eBay last month for $1,200. CNN’s Donie O’Sullivan reports.
” data-duration=”03:49″ data-editable=”settings” data-headline=”A Dominion voting machine ended up on eBay. Here’s how much it sold for” data-index=”idx-6″ data-show-name=”Erin Burnett Out Front” data-show-url=”https://www.cnn.com/shows/erin-burnett-out-front” data-source=”CNN” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_1994d8487330cad300a995bf3fe0c1e5″ data-video-id=”business/2022/09/02/dominion-voting-machine-michigan-sold-ebay-goodwill-osullivan-pkg-ebof-vpx.cnn” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_1994d8487330cad300a995bf3fe0c1e5″>
Now playing
A Dominion voting machine ended up on eBay. Here’s how much it sold for
For the first time in 50 years, a spacecraft is preparing to launch on a journey to the moon. The Artemis I mission, including the Space Launch System Rocket and Orion spacecraft, is targeting liftoff on August 29 from NASA’s Kennedy Space Center in Florida. CNN speaks with NASA administrator Bill Nelson, who lays out what to expect.
” data-duration=”04:30″ data-editable=”settings” data-headline=”What to expect on NASA’s upcoming Artemis I mission to the moon” data-index=”idx-7″ data-show-name=”New Day” data-show-url=”https://www.cnn.com/shows/new-day” data-source=”CNN” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_39677942f1b54ee4a216e68b3694e706″ data-video-id=”business/2022/08/26/nasa-artemis-1-launch-bill-nelson-intv-collins-newday-ldn-vpx.cnn” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_39677942f1b54ee4a216e68b3694e706″>
Now playing
What to expect on NASA’s upcoming Artemis I mission to the moon
Meta CEO Mark Zuckerberg spoke to Joe Rogan about how dealing with controversial content on Facebook has “trade-offs all the way down.”
” data-duration=”02:32″ data-editable=”settings” data-headline=”Rogan grills Zuckerberg on how Facebook moderates controversial content” data-index=”idx-8″ data-show-name=”” data-show-url=”” data-source=”CNN Business” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_e446f498708c7cb06125de54bcf1e786″ data-video-id=”business/2022/08/25/joe-rogan-mark-zuckerberg-podcast-meta-misinfo-hunter-biden-orig.cnn-business” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_e446f498708c7cb06125de54bcf1e786″>
Now playing
Rogan grills Zuckerberg on how Facebook moderates controversial content
Former Twitter Head of Security Peiter “Mudge” Zatko says the company has major security vulnerabilities that threaten national security. In an exclusive video interview, he tells CNN’s Donie O’Sullivan why he’s coming forward as a whistleblower.
” data-duration=”05:53″ data-editable=”settings” data-headline=”He was a famous hacker. Now, he’s detailing his main concern with Twitter” data-index=”idx-9″ data-show-name=”” data-show-url=”” data-source=”CNN Business” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_76e49cc1a8c677c924159d854619339d” data-video-id=”business/2022/08/23/twitter-whistleblower-peiter-mudge-zatko-wrap-explainer-jg-orig.cnn-business” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_76e49cc1a8c677c924159d854619339d”>
Now playing
He was a famous hacker. Now, he’s detailing his main concern with Twitter
A software CEO is asking Tesla to ban their ‘self-driving’ feature until they can prove the software will detect children. In defense of the company, some Tesla enthusiasts used their children as props to show that the feature really works. CNN’s Jake Tapper reports.
” data-duration=”00:34″ data-editable=”settings” data-headline=”Some Tesla drivers use kids as a prop to test ‘full self-driving’ feature” data-index=”idx-10″ data-show-name=”The Lead” data-show-url=”https://www.cnn.com/shows/the-lead” data-source=”CNN” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_799da19b2c56bf730cb315a26b8fac2f” data-video-id=”business-money/2022/08/22/tesla-driver-uses-kids-as-prop-full-self-driving-tapper-sot-vpx.cnn” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_799da19b2c56bf730cb315a26b8fac2f”>
Now playing
Some Tesla drivers use kids as a prop to test ‘full self-driving’ feature
CNN’s Christine Romans and Rahel Solomon says Apple is urging users to update their device immediately to prevent hackers from taking complete control of their devices.
” data-duration=”01:57″ data-editable=”settings” data-headline=”Apple issues emergency security alert: Update your device now” data-index=”idx-11″ data-show-name=”New Day” data-show-url=”https://www.cnn.com/shows/new-day” data-source=”CNN” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_7bcee11b25823a5f97dc53fc5e5c8516″ data-video-id=”tech/2022/08/19/apple-security-warning-update-software-romans-solomon-newday-vpx.cnn” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_7bcee11b25823a5f97dc53fc5e5c8516″>
Now playing
Apple issues emergency security alert: Update your device now
At DEF CON in Las Vegas, hackers took apart voting machines to test vulnerabilities. They tell CNN’s Donie O’Sullivan conspiracy theories, not software, are the biggest threats to democracy.
” data-duration=”04:10″ data-editable=”settings” data-headline=”Misinformation, not machines, biggest election vulnerability, hackers say” data-index=”idx-12″ data-show-name=”” data-show-url=”” data-source=”CNN” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_2b0513d08eae7634036acf18437c6a02″ data-video-id=”business/2022/08/16/defcon-voting-machines-election-conspiracy-gr-orig.cnn” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_2b0513d08eae7634036acf18437c6a02″>
Now playing
Misinformation, not machines, biggest election vulnerability, hackers say
CNN’s Allison Morrow explains to “Nightcap’s” Vanessa Yurkevich the struggles of Peloton and SoulCycle as the pandemic fitness boom collapses. For more, watch the full Nightcap episode here.
” data-duration=”02:10″ data-editable=”settings” data-headline=”Pandemic-era bike boom goes bust” data-index=”idx-13″ data-show-name=”” data-show-url=”” data-source=”CNN Business” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_18cb297a26a25a08279462b6abbc00f2″ data-video-id=”business/2022/08/18/nightcap-peloton-soulcycle-layoffs-closures-clip-orig-jg.cnn-business” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_18cb297a26a25a08279462b6abbc00f2″>
Now playing
Pandemic-era bike boom goes bust
Xiaomi, the Beijing-based tech giant, debuted its humanoid robot prototype. While the lifelike robot’s abilities are far from those in the film “Ex Machina,” it marks the company’s ambition to integrate AI in its product designs.
” data-duration=”01:23″ data-editable=”settings” data-headline=”Chinese tech company reveals robot weeks before Tesla” data-index=”idx-14″ data-show-name=”” data-show-url=”” data-source=”CNN Business” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_d5bf1e2840c50dd08d80252c7db8fa5e” data-video-id=”tech/2022/08/16/cyberone-xiaomi-tesla-humanoid-robots-orig-fj.cnn-business” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_d5bf1e2840c50dd08d80252c7db8fa5e”>
Now playing
Chinese tech company reveals robot weeks before Tesla
YouTuber and engineer Allen Pan built four robotic legs for a snake so it can walk. His video shows how he set about undoing millions of years of evolution to give snakes their legs back.
” data-duration=”01:14″ data-editable=”settings” data-headline=”Watch snake walk using robotic legs” data-index=”idx-15″ data-show-name=”” data-show-url=”” data-source=”CNN Business” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_356b207abac17dacb01f653bdc4231c8″ data-video-id=”business/2022/08/15/youtuber-allen-pan-robotic-legs-for-snake-orig-ht.cnn-business” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_356b207abac17dacb01f653bdc4231c8″>
Now playing
Watch snake walk using robotic legs
New York CNN Business —
Hackers have stolen around $160 million worth of cryptocurrency from crypto market maker Wintermute, the company said Tuesday. The incident marks the latest in a growing list of large crypto thefts this year.
The hack is said to have targeted Wintermute’s decentralized finance (DeFi) operations, according to a series of tweets Tuesday from the company’s founder and CEO, Evgeny Gaevoy.
DeFi services, a newer part of the crypto world, cut out centralized exchanges and are based mainly on Ethereum blockchain technology. These services are viewed as “uniquely vulnerable to hacking,” according to blockchain analysis firm Elliptic, due to their open source code, large pools of assets and rapid growth that may have led to a lapse in security best practices in some cases.
In the first seven months of 2022, a staggering $1.9 billion worth of cryptocurrency was stolen in hacks of various services, marking a 60% increase from the same period in the year prior, according to a report released from blockchain analysis firm Chainalysis last month.
Some of the biggest crypto hacks of the year so far were on DeFi protocols, including the $625 million hack in March of a gaming-focused blockchain network that supports the popular video game Axie Infinity. Some of these thefts, including the Axie incident, have since been attributed to hackers associated with North Korea. Wintermute has not provided any indication of who may be behind the theft.
In his tweets Tuesday, Gaevoy assured customers that Wintermute is still “solvent with twice over” the $160 million stolen left in remaining equity.
Wintermute, founded in 2017 by Gaevoy, refers to itself as a “leading” digital asset market maker. It has provided liquidity on more than 50 exchanges and crypto platforms.
Users were warned that there could be service disruption over the next several days. “If you are a lender to Wintermute, again, we are solvent, but if you feel safer to recall the loan, we can absolutely do that,” Gaevoy tweeted.
Source: https://www.cnn.com/2022/09/20/tech/wintermute-crypto-hack/index.html
