Wintermute Denies Legal Action Against Binance Over Bitcoin Flash Crash

The crypto market maker dismisses claims of a planned lawsuit following last month’s sharp Bitcoin price drop.

BTC

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Terms & Concepts
  • Market maker: An entity that provides liquidity by continuously quoting buy and sell prices in a financial market.
  • Flash crash: A rapid, deep, and volatile fall in security prices within a very short time.
  • Bitcoin: A decentralized digital currency operating without a central bank, using blockchain technology.