Wintermute CEO Reasserts There Is No Plan To Sue Binance Over October’s Crypto Flash Crash

By Coin Edition
27 days ago
CRASH FLASH READ CEO CIN
  • Wintermute will not file, and has not considered filing, a lawsuit against Binance over the Oct. 10 market crash.
  • CEO Evgeny Gaevoy called the lawsuit talk “baseless” and said nothing has changed since his 11 October statement on X.
  • Binance separately compensated traders with $283 million and set up a $400 million fund after the event; it’s unclear if Wintermute was reimbursed.

Evgeny Gaevoy, CEO of crypto market maker Wintermute, has denied fresh rumors that his firm is preparing legal action against Binance over October’s crypto flash crash. 

Related: Why did crypto crash? On-chain data linking Binance and Wintermute surfaces

Gaevoy Shuts Down Lawsuit Rumors

In a new post on X, Gaevoy said the company’s stance is unchanged from 11 October and that Wintermute is “not suing Binance” and has “never planned to.” He dismissed the renewed specula…

Read The Full Article Wintermute CEO Reasserts There Is No Plan To Sue Binance Over October’s Crypto Flash Crash On Coin Edition.

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