evgenygaevoy

The crypto world was set ablaze with rumors this week — whispers that market maker Wintermute was planning to sue Binance over the massive October 10 flash crash, when Bitcoin suddenly plunged 15% to below $103,000, wiping out over $20 billion in leveraged positions.
But Wintermute’s CEO, Evgeny Gaevoy, has made it crystal clear — those rumors are completely false. “We never had plans to sue Binance, nor see any reason to do it in future, Gaevoy posted on X (formerly Twitter).
“What a larp — all complete bullshit.”
Wintermute, one of Binance’s top liquidity providers, was rumored to have suffered losses during a brief malfunction in Binance’s auto-deleveraging risk mechanism, triggered after Donald Trump’s tariff announcement sent Bitcoin tumbling from $121,560 to under $103,000.
The source of the rumor?
An X user named @WhalePumpReborn, who claimed Wintermute was seeking compensation from Binance and even suggested “other trading firms” were preparing lawsuits too.
That post spread fast — and so did the FUD (fear, uncertainty, and doubt).
Even former Binance CEO Changpeng Zhao (CZ) had to step in, reminding his 10.4 million followers:
“Always verify with official sources.”
Despite Gaevoy’s denial, some users accused Wintermute of triggering the crash itself, after blockchain data showed it transferred over $700 million to a Binance hot wallet just hours before the plunge.
Meanwhile, the crypto market slipped 3% to $3.65 trillion on Monday, with nearly $1.3 billion in leveraged positions liquidated in just 24 hours — adding fuel to an already tense market.
Analysts say Bitcoin OG whales are continuing to sell, even with BTC holding above the $100K mark.
For now, the verdict is simple:
🚫 No lawsuit.
🧊 Just rumors.
💸 And another reminder that in crypto, one viral tweet can move billions.
$BNB #EvgenyGaevoy #CZ #CryptoRumor s #BTC $BNB

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