Wintermute CEO Evgeny Gaevoy has refuted rumors that the company plans to sue Binance, stating on X that there is no reason for such legal action. This statement comes in response to speculation following a significant deleveraging event on October 11th, which led to the liquidation of over $20 billion in leveraged positions. Binance responded by compensating affected traders with approximately $283 million and launching a $400 million user compensation and low-interest loan program. Gaevoy assured that Wintermute is "completely fine" despite the market turmoil, although he noted that some liquidated positions had "very abnormal" prices. It remains unclear if Wintermute received any compensation from Binance's initiatives.