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Wintermute Founder Assures Company Operations Remain Normal

Wintermute Founder Assures Company Operations Remain Normal

Wintermute founder Evgeny Gaevoy reassures the community that the firm is unaffected by the market downturn, following earlier denials of collapse rumors.

Fact Check
Multiple sources from the time of the September 2022 hack quote Wintermute's CEO making assurances about the company's stability. He stated the company remained 'solvent' (Bloomberg) and specified that the hack was limited to their DeFi operations, while centralized finance (Cefi) and over-the-counter (OTC) services were not impacted (The Record, Immunebytes). While he acknowledged a temporary disruption, the overall message was one of operational continuity for the core business.
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Summary

Wintermute founder Evgeny Gaevoy has reiterated that the company remains fully operational, dispelling recent rumors of a collapse. His statement, made on social media, aims to quell concerns sparked by the market's recent downturn. Both Wintermute and Crypto.com have publicly denied the collapse rumors, confirming normal system operations.

Terms & Concepts
  • Wintermute: A global algorithmic trading firm specializing in digital assets and cryptocurrencies, providing liquidity across multiple markets.
  • Algorithmic Trading: A method of executing trades using computer programs and predefined strategies to optimize speed and efficiency.