"Market Manipulation and Retail Investor Harvesting? Wintermute Founder Responds: We Are Not a Charity"
Evgeny Gaevoy, the founder of Wintermute, stated that as a proprietary trading firm, Wintermute's goal is to make money through trading, not to act as a charity. Its core businesses include CeFi market making, DeFi arbitrage, and OTC trading while maintaining a delta-neutral stance. Gaevoy emphasized that Wintermute neither manipulates the market nor intentionally "hunts" stop-loss orders. He pointed out that the decline in token prices is mainly influenced by macroeconomic conditions, supply-demand imbalances, and the terms of market-making agreements, rather than deliberate manipulation by exchanges or market makers. Furthermore, Gaevoy reiterated Wintermute's long-term optimism for the crypto market, with cryptocurrency exposure consistently accounting for 20% to 30% of net assets.
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