Wintermute CEO Addresses Market Crash Rumors
- Evgeny Gaevoy, CEO of Wintermute, denied rumors of the company’s collapse following the market crash on October 10.
- The crash resulted in $19 billion being wiped out in leveraged positions.
- Rumors compared the situation to previous crises involving FTX and Terra.
Wintermute’s CEO, Evgeny Gaevoy, has publicly addressed and refuted claims that the firm collapsed due to the October market downturn, which saw significant losses in leveraged positions. Comparisons were made to past industry crises involving FTX and Terra.
Despite the substantial financial impact of $19 billion in wiped-out leveraged positions during the crash, Wintermute remains operational according to its CEO. Source
