Wintermute was supposed to offer liquidity for the OP token on centralized exchanges.
The Optimism group was speculated to ship 20 million OP tokens to Wintermute’s multisig contract. Based on the Optimism group they had been speculated to ship the tokens on the Optimism rollup not on L1. Nevertheless, Wintermute’s multisig was deployed on L1 not on Optmism. (miscommunication)
What’s extra disappointing is that neither the Optimism group nor Wintermute checked that the 20 million transactions made sense.
Optimism despatched 20 million to a non-existing contract on L2. Wintermute did not confirm that they’d obtained the tokens.
Wintermute was supposedly getting ready a deployment of their multisig on L2 on the identical handle so as to have the ability to spend the 20 million OP tokens, however 9 days later someone was in a position to deploy a contract on the similar handle earlier than them and now they’ve full management of the tokens.
This announcement comes 3 days after the exploit was found.