Bitcoin24h $70,941.49-0.77%

Ethereum24h $2,190.07-1.01%

XRP24h $1.32-0.42%

BNB24h $595.65+0.14%

Solana24h $82.01-0.28%

TRON24h $0.3204+0.01%

Dogecoin24h $0.0910-0.10%

Hyperliquid24h $41.44+1.29%

UNUS SED LEO24h $10.13+0.08%

Cardano24h $0.2379-2.35%

Crypto traders consider lawsuits after $600B market meltdown

Crypto experienced 1.7M forced liquidations and a $600B market-wide crash on October 10. Now, traders are considering lawsuits.

Wintermute’s post-mortem ignored the biggest issues with Friday’s crash

Traders tried to blame Wintermute for suspicious deposits during Friday’s crypto market crash, but its CEO would have none of it.

Before Ethereum activated EIP-7702 in May, researchers warned about major risks of theft and crime. Their predictions have come true.

As crypto prices fell over the past seven days and market caps shed billions of dollars, investors found the perfect scapegoat in Wintermute.

Wintermute claims fabulous profits from a nebulous assortment of sophisticated trading activities across the crypto industry.