Wintermute CEO Evgeny Gaevoy on Tuesday denied rumors that the market maker plans to sue Binance trade for final month’s largest-ever crypto market crash. Binance founder CZ additionally reacted to FUD surrounding the rumors dragging down crypto costs.
Wintermute CEO Evgeny Gaevoy Refutes Rumors of Suing Binance
Evgeny Gaevoy, CEO of Wintermute, has denied any plans to sue Binance and slammed individuals for spreading “baseless rumors.” Gaevoy confirmed that the market maker sees no purpose to file a lawsuit in opposition to Binance and won’t do it sooner or later.
Wintermute CEO additionally refuted claims of coordinating authorized motion with different market makers in opposition to Binance for the October 10 crypto market crash. The crypto market has didn’t recuperate utterly from the crash, with Bitcoin value falling to $105K amid the most recent selloffs by whales and long-term holders.
“I ought to most likely ask to make an observation of all of the individuals spreading baseless rumors, however most people believing these have goldfish reminiscence capability, so I wont,” he added.
CZ Cools the FUD, Responds to Gaevoy
As CoinGape reported earlier, the crypto neighborhood primarily blamed Binance, Wintermute, and US President Donald Trump for the large crash. A flaw in Binance’s Unified Account margin system precipitated USDe, wBETH, and BNSOL to depeg, triggering large liquidations, together with these of main market makers.
Notably, Wintermute deposited over $700 million in Binance scorching pockets earlier than the crash. The market maker founder itself on the heart of rising controversy amid allegations of market manipulation once more.
X consumer named WhalePump Reborn unfold rumors that Wintermute signed an NDA with Binance searching for compensation and threatening to sue the crypto trade. Wintermute CEO responded to WhalePump Reborn and denied plans to sue or any negotiation with the crypto trade.
😆🤷♂️
If somebody made you imagine in any other case, it is time to click on unfollow. https://t.co/rlkg811qNq
— CZ 🔶 BNB (@cz_binance) November 3, 2025
CZ identified numerous FUD within the crypto market at the moment. He added, “Individuals are in ache, jittery, and anxious. Whales are pouncing on it, spreading extra FUD, and cashing in on it.” He urges individuals to study to confirm and test with official sources.
