Wintermute denies lawsuit rumors.
By Maxime Laurent · 2025-11-04 15:30
Wintermute denies lawsuit rumors.
No, they’re not suing Binance over the Oct 10 crash.
After whispers spread across crypto Twitter, Wintermute’s CEO stepped in to set things straight: the firm is not filing a lawsuit against Binance following the sudden October 10th market crash that wiped out roughly $20B in leveraged positions.
The rumors caught fire fast — probably because that drop felt almost too violent to be organic. But according to Wintermute, they’re focused on improving liquidity conditions, not pointing fingers.
Still, that flash crash exposed just how fragile high leverage remains across exchanges. One liquidation cascade, and the whole market dances on a knife’s edge 🩸
#BTC #crypto #Binance #Wintermute #trading #leverage #marketnews
No, they’re not suing Binance over the Oct 10 crash.
After whispers spread across crypto Twitter, Wintermute’s CEO stepped in to set things straight: the firm is not filing a lawsuit against Binance following the sudden October 10th market crash that wiped out roughly $20B in leveraged positions.
The rumors caught fire fast — probably because that drop felt almost too violent to be organic. But according to Wintermute, they’re focused on improving liquidity conditions, not pointing fingers.
Still, that flash crash exposed just how fragile high leverage remains across exchanges. One liquidation cascade, and the whole market dances on a knife’s edge 🩸
#BTC #crypto #Binance #Wintermute #trading #leverage #marketnews
Disclaimer: This content is for informational purposes only and not financial advice.