Wintermute dismisses Binance lawsuit rumors

Evgeny Gaevoy, chief executive officer and founder of crypto market maker and trading firm Wintermute, has denied allegations that his firm is preparing a lawsuit against Binance following the massive October market crash. Speaking on X, Gaevoy wrote : “literally nothing changed since this tweet and we never had plans to sue Binance, nor see any reason to do it in the future.” His post directly addressed social media speculation that Wintermute had suffered heavy losses and was preparing legal action against Binance. The rumors began circulating shortly after the October 10th market crash, which wiped out more than $20...