Wintermute CEO: Rumors in the crypto market are unreliable, structure is more orderly and risks are controllable

According to a report from HashWorld, Evgeny Gaevoy, the CEO of Wintermute, issued a statement on social media expressing skepticism towards the rumors of 'large institutional liquidations' circulating in the market. He noted that while individual institutions may face issues, it is unlikely to lead to long-term systemic impacts. He pointed out that historically, events similar to 3AC and FTX could be quickly confirmed through industry channels, and currently, no such signs have been observed, with rumors mainly coming from unreliable anonymous sources. According to Evgeny Gaevoy, the current market leverage primarily comes from perpetual contracts, which, compared to the previously opaque uncollateralized lending platforms, has a more orderly leverage structure. Exchanges have learned lessons in risk management and are using mechanisms such as ADL to prevent losses. He also believes that no institution would now use the FTX model of investing user deposits in illiquid assets. Finally, he mentioned that a bankrupt company that publicly denies its status would face significant legal risks, especially in regions like Europe, the United States, and Singapore.