PANews reported on November 4th that, according to The Block, Wintermute founder and CEO Evgeny Gaevoy stated on X, "We have never planned to sue Binance, and there is no reason for us to do so in the future," responding to market rumors. Previously, on October 11th (Beijing time), a massive deleveraging event in the crypto market resulted in the liquidation of over $20 billion in leveraged positions; Binance subsequently paid approximately $283 million to affected traders and launched a $400 million user compensation and low-interest loan program. Gaevoy stated that the company is "completely fine" and indicated that the prices of some of the liquidated positions were "very abnormal." It is unclear whether Wintermute received compensation.