@dilipmandadi.base.eth
Binance & Wintermute Market Manipulation Claims
Allegations are circulating that the crypto exchange Binance and market maker Wintermute coordinate to orchestrate market dumps and profit from retail liquidations.
The claim suggests:
Binance transfers large cryptocurrency chunks (e.g., $10M–$100M of BTC, ETH, SOL) to Wintermute hours before significant price drops.
Wintermute then allegedly executes a massive market sell on Binance, triggering cascading liquidations and market crashes (like the October 10 "Flash Crash").
The result is that billions in retail long positions are wiped out, allowing the firms and other whales to buy assets back at a substantial discount.
While large fund transfers to Wintermute before the crash have been tracked by analysts, Wintermute’s CEO has denied rumors of any legal action or wrongdoing, stating there was never a plan to sue Binance over the volatility.
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