Wintermute Addresses Liquidity Imbalance During DeFi Market Stress on October 11

Wintermute faced liquidity imbalances during a recent DeFi market disruption on October 11. CEO Evgeny Gaevoy cited stuck asset transfers on Binance as a key factor, according to his remarks on a Block podcast. The incident triggered circuit breakers across multiple DeFi protocols and highlighted risks in cross-chain arbitrage operations.