Rumors are spreading that Wintermute, one of crypto’s biggest market makers, may sue Binance over massive losses during the October 10 market crash, when over $19 billion in positions were liquidated — the largest in crypto history. The crash followed Trump’s tariff announcement on Chinese imports, which caused Binance’s systems to overload and trigger unfair ADL liquidations. Wintermute’s CEO, Evgeny Gaevoy, said they are considering legal action, though no lawsuit has been filed yet. Binance admitted system issues but denied wrongdoing. After the chaos, many traders say their trust in centralized exchanges has been shaken.
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