Wintermute’s Evgeny Gaevoy says the market maker isn’t suing Binance and ‘never had plans to’
Wintermute CEO Evgeny Gaevoy denied rumors that his firm was suing Binance following the October market crash.Summary
Evgeny Gaevoy, CEO of crypto market maker Wintermute, publicly refuted circulating rumors suggesting the firm was preparing a lawsuit against Binance following the massive October market crash. Gaevoy stated on X that Wintermute never had plans to sue Binance and saw no reason to do so in the future, calling the accusation "complete bullshit." These rumors followed a significant market drawdown that liquidated over $20 billion in leveraged crypto positions, leading some observers to worry about major market makers suffering existential losses. While Gaevoy previously noted that some of Wintermute's liquidated positions occurred at "ridiculous prices," he confirmed the firm was "perfectly fine" after the event. Binance subsequently paid out $283 million in compensation and launched a $400 million initiative to restore market confidence, though it remains unclear if Wintermute received any reimbursement.
(Source：The Block)