TechFlow News: On January 31, Evgeny Gaevoy, Founder and CEO of Wintermute, posted on social media urging public figures to exercise greater caution in their wording. The 10/10 crash was clearly not a “software failure,” but rather a flash crash triggered by insufficient liquidity in a highly leveraged market on Friday evening, exacerbated by macroeconomic news.
Since we’re on the topic—I understand no one enjoys being in a bear market while watching every asset class except cryptocurrencies rally. It’s comforting to find a scapegoat, but attributing all responsibility to a single exchange is logically dishonest.
Add to Favorites
Share to Social Media
