Stolen Wintermute Funds: Look Inwards – Analyst

Stolen Wintermute Funds: Look Inwards – Analyst

Divided opinion continues to trail the disappearance of a staggering proportion of Wintermute’s assets.

The loss of $160 million by Wintermute to a cyberpunk might be seen as coincidental by some but to others, it should stimulate a drive to conduct a thorough assessment of the company’s structures. One of such proponents is James Edwards, a commenter who is ZeroNoncense main editor. He wants it established that such hasty acts of looting could not have sailed through without the active connivance of an insider, who compromised the security arrangements or understood its interior mechanisms. He considers that the culprit was possibly, “an internal member of the Wintermute team.”

Stolen Wintermute Funds: Look Inwards – Analyst

Shreds of Evidence Reveal Incoherencies

Reasoning further, it is unclear to an inquisitive Edwards how a certain standardized encoding that is supposed to intercept unauthorized access was either weak or missing at the time of the hack, which still buttresses the perception that the exploit was not carried out by a total stranger. By their nature, blockchains are developed in such a way that allows for general scrutiny.

Again, upon comparing the executable file that was converted into a human-readable format, the questioner found out that there was a mismatch because the code that was reportedly hacked did not tally with the one he used in his analysis.

He took a swipe also at Wintermute’s boss, Evgeny Gaevoy, for the excuse he gave in dismissing the team on the ground. Edwards feels that this is rather an insufficient effort to conclude on a matter involving the loss of such an amount.

Whether Wintermute will accede to James Edwards’s resolutions is yet to be determined but one thing is that it has not indicated if it will engage the Police and other crime detectives on the matter.