Wintermute Founder: Less Than 20% of Net Asset Exposure Is on Binance, Will Not Affect Market-Making Operations

Odaily reports: Wintermute founder Evgeny Gaevoy posted on X stating that, overall, Binance has enough strength to withstand a blow 3 to 4 times more severe than the current situation and still remain largely intact. They will most likely get through this, and users' funds are most likely safe, but it is obvious that until they identify and resolve the issue, it is best not to deposit funds there for now.

Evgeny added: "Wintermute has exposure to Binance (fund risk exposure), but it is less than 20% of net assets. Under any circumstances, I believe our operations across any time frame will not be disrupted in any way."