Binance has sent over 110,000 SOL and 8,000 ETH to Wintermute, sparking widespread controversy regarding the nature of the relationship between the two parties.
The transfers were not related to user withdrawals, leading some analysts to question: Are customer assets being used to coordinate market movements?
🛡️ Binance denied using customer funds, asserting that Wintermute manages its liquidity independently.
⚖️ In contrast, analysts accused Wintermute of manipulating order books and undermining the principle of decentralization.
📣 The crisis highlights the importance of transparency, the role of market makers, and the need for greater oversight and accountability in the sector.
