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Wintermute’s Founder: Binance Is More Than Capable of Withstanding Losses Three to Four Times the Current Amount

56 minutes ago

Wintermute founder Evgeny Gaevoy stated in a post that Binance has sufficient capital to withstand 3 to 4 times the current impact and remain intact, is very likely to weather the crisis, and user funds are most probably safe. However, he advised against continuing to deposit funds with Binance until the issue is clarified. Gaevoy also noted that Wintermute does hold exposure to Binance, which accounts for less than 20% of its net assets, and under no scenario does he expect this to cause any operational disruption to Wintermute over any time period.

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