$FDUSD The $FDUSD stablecoin took a wild dip, briefly plunging to $0.8726 amid bankruptcy rumors. Right after the depeg, #Wintermute swooped in, pulling 31.36M $FDUSD out of #Binance

If they snagged it near the low at $0.90 and held until it clawed back to its $1 peg, that’s a cool $3M+ profit in their pocket.

Did Wintermute just turn chaos into cash, or is there more to this play? What’s your read on their timing?