TechFlow news, February 5 — Wintermute founder and CEO Evgeny Gaevoy responded to community allegations accusing the company of price manipulation and retail investor exploitation.
Gaevoy stated that Wintermute, like all proprietary trading firms, aims to profit from trading—emphasizing the company is not a charity. Since 2020, Wintermute's venture capital arm has consistently invested in cryptocurrencies, never maintaining a net short position, with its crypto exposure consistently ranging between 20% and 30% of net assets.
He emphasized that Wintermute's core operations in DeFi, CeFi, and OTC trading are conducted in a risk-neutral (delta neutral) manner. Regarding token price declines, he attributed them primarily to macroeconomic conditions and supply-demand imbalances rather than market manipulation.
