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Evgeny Gaevoyhead of the trading company Wintermute, clarified that the company has no intention of suing Binance
$18.02 billion
about the October 10 market crash.
He stated that such claims are not true and were never part of Wintermute’s plans.
November 3rd, Gaevoy said about X that the people who spread these rumors often quickly forget.
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His message appeared intended to quell the online speculation that had begun to circulate widely.
Wintermute operates as a liquidity provider on Binance. This means that it helps maintain a stable market by ensuring that there are always buy and sell options available.
Some X posts say that Wintermute had suffered losses during the October market downturn and was preparing to seek compensation.
An X user suggested that Binance and Wintermute disagree on the amount of money involved.
They also argued that other trading companies could be planned for lawsuits against Binance. However, none of these claims have been verified.
The crash occurred after US President Donald Trump announced the tariffs, which caused a decline in Bitcoin
BTC
$102,841.63
value from over $121,000 to under $103,000.
The former CEO of Binance Changpeng Zhao answered to the situation from encourage people to rely on verified information instead of online speculation.
Binance recently launched a $400 million program to help users affected by the crypto market crash. How does the program work? Read the full story.
