Wintermute's founder refutes speculation about Binance lawsuit

Wintermute's Response to Lawsuit Rumors: Evgeny Gaevoy, founder of Wintermute, denied claims that the market maker plans to sue Binance following losses from the October 11 crypto market crash, stating the company is "perfectly fine" and has no intentions of legal action.

Origin of the Rumors: The speculation about a potential lawsuit originated from a Twitter account called WhalePump Reborn, which claimed Wintermute lost "hundreds of millions" and suggested that Binance's founder should compensate affected market makers.

Gaevoy's Denial of Additional Claims: Gaevoy refuted further allegations from WhalePump Reborn regarding a non-disclosure agreement with Binance and the gathering of other market makers for a lawsuit, labeling the account's claims as unfounded.

Market Impact and Binance's Compensation: Following the market crash, Binance compensated traders with $283 million and initiated a $400 million support program, but it remains unclear if Wintermute received any compensation despite being a major liquidity provider on the exchange.