Message to Optimism community from Wintermute

kudos for taking the responsibility and for being transparent.

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Great insider job. No way any hacker would know this issue and take advantage of it. unless…insider informs the hacker to do it.

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FireEyes appreciates the accountability and commitment @wishful_cynic & Wintermute have taken here - Although these events are a clearly a serious oversight, taking the steps outlined above will make the community whole again.

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Multiple people found the mint contract before the front-end went live allowing them to claim their OP early as the contract wasn’t paused initially. If they could find the contract, someone could doubtlessly find 20M $OP sitting at an unclaimed address on Optimism L2.

Wintermute has acknowledged the error, taken responsibility, and promised to take the actions needed to make the community whole. Far more than what we would get outside crypto space. So, kindly go away with your insults and deal with your disappointment + frustration healthily next time.

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Wintermute team,

Please see this proposal -

https://gov.optimism.io/t/questions-on-wintermutes-mistake-and-wintermute-are-you-ready-to-make-an-offer-offer-to-the-attacker-they-send-you-19m-op-you-send-them-usdc-problem-solved/2601/2

Your inputs are appreciated. Thank you.

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Have you made a bug bounty offer to the hacker to see if they would return the funds? How will the employee who made the error be reprimanded?

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Your transparency is appreciated.

Wow…Thank you for making such a major commitment for Optimism
Good luck

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He never saw Molly again.

It’s way easier than you think, but when a new anything launches there are people looking to understand it for the primary purpose of exploiting it.

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No one is a criminal, Wintermute are the only one to blame.

They told Optimism to send the funds to an address they didn’t own, this is ridiculous

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Hope Optimism will be pass this situation strong community and developer.
Code bless you.

Thank you for the transparency. I really hope the owner will act as a white hat and both parties settle this problem quickly in the interest of both.

In any case, this is a persistent debt on the part of the Wintermute company. Is there any ongoing aggrement to guarantee that even after the years and the market stage, Wintermute will meet its obligations? For example by providing more additional collateral to the Optimism Foundation for this purpose.

If there is information in this regard that can be shared, to continue with transparency in procedures, it would be appreciated.

(In the same way we expect the governance&community can follow more closely this type of agreements in the future [for provision of liquidity and similar] to ensure that everything is OK if possible).

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Thank you for being transparent.

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Thank you for the transparency.

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Optimism is not just in name but also in deeds. Thanks a lot. Go ahead.

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Instead of having us trust that you will buyback the stolen tokens, will you be exploring ways to uphold this promise using smart contracts instead?

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why is everyone thanking these guys!?This should have been mentioned to the community way before this and this is not how transparency works. As the community is very disappointed in the teams and how things were handled up to this point. Market makers dumping the price in order to buy back ( the reality of what is happening so far) is not a great thing for a project. Optimism was a great concept and we had high hopes for this; the community have now lost the trust. Now there will be plenty of guys from both teams coming here and slamming this message saying this and that. Go for it! - Reality is the teams should have been transparent before this! They should have communicated this within 48 hrs max. Those who knew already cashed out of the air drop and now talking about getting the next one. unbelievable ! Keep in mind the market makers are not here on goodwill. They will make their money one way or another. This is just wrong on so many levels.

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Thanks for your info!
I had wish this could be more transparent DAY One!
If the team can write this letter before the initial airdrop started, things could be different.
We can wait, we did not need to rush
I hope everything will be resolved optimistically
Keep us in loop, thanks again!

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It is sincere, but more importantly, it should be disclosed in time when the problem is out of control and the issuance plan should be changed.

Concealing major problems will do great harm to users who continue to support and buy OP during this period.

I will still support the OP and its ecology. I hope that after the baptism of these events, the OP can be more sincere, modest, safe and transparent, and will surely enjoy ecological prosperity.

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Where is buy back address?

Although this incident has caused short-term losses to us as staunch holders of $OP, it shows the responsible attitude of the Wintermute team. I hope that the team can continue to contribute to the optimistic future development. Hopefully the attacker will make the right choice: be a white hat hacker, not a criminal!

1 Like