A public power struggle between Aave’s decentralized autonomous organization and its core development team erased half a billion dollars from the protocol’s market value in December 2025. The conflict over control of key revenue streams and brand assets became a critical stress test for decentralized governance. However, on-chain data reveals large investors viewed the panic as a buying opportunity, leading to cautious optimism in early 2026.
about Aave Governance Clash Wipes $500M, Whales Buy DipEvgeny Gaevoy
0 posts last weekWintermute Opposes Aave Token Plan Amid Governance Rift
The governance crisis at decentralized finance leader Aave has intensified as Wintermute, a major market maker and AAVE tokenholder, announced it will vote against the platform’s contentious token alignment proposal. CEO Evgeny Gaevoy’s public criticism highlights deep fractures within the Aave DAO over value accrual, control of brand assets, and the very relationship between Aave Labs and its tokenholders. With voting data showing the proposal overwhelmingly opposed, this governance clash threatens to overshadow Aave’s ambitious technical roadmap even as the protocol prepares for significant scaling.
about Wintermute Opposes Aave Token Plan Amid Governance RiftCrypto Crash Exposes Legal Gaps in Exchange Accountability
The recent October 10 crypto crash liquidated nearly $20 billion in perpetual futures positions, raising critical questions about exchange accountability. Traders are discovering limited legal options when platforms experience technical failures during market turmoil. The incident has highlighted fundamental differences between crypto venues and traditional regulated exchanges, with Binance at the center of controversy as users reported being unable to close positions while the exchange acknowledged technical glitches.
about Crypto Crash Exposes Legal Gaps in Exchange AccountabilityWintermute Denies Binance Lawsuit Rumors After Liquidation Shock
Wintermute CEO Evgeny Gaevoy has publicly denied persistent rumors that the cryptocurrency market-making firm plans to sue Binance following October’s massive liquidation event. Gaevoy called the speculation ‘baseless rumors’ and reiterated that Wintermute never had legal action plans against the exchange. The denial comes amid intense social media speculation about potential legal conflicts between the two crypto giants.
about Wintermute Denies Binance Lawsuit Rumors After Liquidation ShockCrypto Market Plunges 4.1% Amid Binance Lawsuit Rumors
The cryptocurrency market experienced a sharp 4.1% decline over 24 hours as rumors swirled about market maker Wintermute preparing legal action against Binance over alleged unfair practices during October’s historic $20 billion liquidation event. Despite Wintermute founder Evgeny Gaevoy’s swift denial of the lawsuit speculation, calling it ‘complete bullshit,’ the damage was already done, with Bitcoin, Ethereum, and Dogecoin all falling below critical support levels amid broader market anxiety fueled by Federal Reserve hawkishness and persistent Bitcoin ETF outflows.
about Crypto Market Plunges 4.1% Amid Binance Lawsuit RumorsWintermute Denies Binance Lawsuit Rumors Over Flash Crash
Market maker Wintermute has publicly denied rumors that it plans to sue cryptocurrency exchange Binance over losses from last month’s flash crash. CEO Evgeny Gaevoy explicitly stated the company has no legal action planned against the exchange. The clarification comes amid speculation following Bitcoin’s sudden 15.2% price drop in October.
about Wintermute Denies Binance Lawsuit Rumors Over Flash CrashWintermute Expands to US Market with New New York Office Opening
London-based algorithmic crypto trading firm Wintermute is set to expand into the US market with a new office in New York by 2025, focusing on OTC and derivatives growth. CEO Evgeny Gaevoy anticipates favorable crypto regulations under the Trump administration, which may lead to the dropping of several regulatory charges against crypto firms.Gaevoy also expressed concerns about the memecoin ecosystem, noting that new token launches often drain liquidity from existing projects, posing challenges for the overall growth of the crypto space.
about Wintermute Expands to US Market with New New York Office OpeningWintermute expands US operations with Tencent’s support and strategic partnerships
Wintermute is expanding its operations into the U.S. market with financial backing from Tencent, aiming to enhance digital asset liquidity and market-making capabilities. The company has partnered with TRON DAO to strengthen its DeFi ecosystem and stabilize TRON’s stablecoin, USDD. Despite facing market manipulation allegations, CEO Evgeny Gaevoy emphasizes the firm’s commitment to fostering a healthier trading environment.
about Wintermute expands US operations with Tencent's support and strategic partnerships