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Wintermute Founder: Blaming the 1011 Flash Crash on a Single Exchange Is Not Rational
BlockBeats News, January 31st, Wintermute founder Evgeny Gaevoy posted on social media:
In fact, I would prefer public figures to speak cautiously. The market volatility on October 10th was obviously not a so-called "software glitch," but a flash crash in a highly leveraged market triggered by macro news on a low-liquidity Friday evening. Since we're talking about this, I also understand that no one likes a bear market—watching all asset classes except crypto assets rise. While finding a scapegoat is easy, blaming a single trading platform is not honest from a cognitive perspective.
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