Market Maker Wintermute Faces Scrutiny After $700M Transfer

[madtrader]

Despite debunked lawsuit rumors, Wintermute drew attention for reportedly transferring $700 million to a Binance hot wallet hours before the Oct. 10 crash.
Some traders accused the market maker of intensifying volatility as Bitcoin plunged from $121,560 to below $103,000 following tariff announcements from President Donald Trump.

[EmTeam]

$700M transfers always raise eyebrows, even in crypto. 🧐

[Rimon Khan]

Wintermute’s transparency record will be tested hard this week.