<p>Digital asset trading firm Wintermute booked $225 million in revenue during the first nine months of 2022, compared to $1 billion for all of 2021, <a href="https://www.forbes.com/sites/jeffkauflin/2022/12/20/with-sam-bankman-frieds-hedge-fund-gone-crypto-trading-firm-wintermute-emerges/?sh=590f7b412bbb">Forbes</a> reported.</p> <p>In 2021, the firm — led by former Optiver trader Evgeny Gaevoy — reported $582 million in profit. Wintermute has $400 million in equity and $720 million in assets, Gaevoy told the magazine. </p> <p>The CEO received $12 million last year in the form of dividends paid to shareholders. </p> <p>Gaevoy told Forbes he is preparing for another 2021-like year, noting that "we don't necessarily care about making the most now because it'll be just a tiny fraction of the bull markets that can come."</p> <p>Underpinning the firm's revenue slump this year was a broader credit crunch that forced some of its competitors to step back from certain trading or lending activity or to declare bankruptcy. That's been coupled with a steep decline in trading volumes, which firms like Wintermute rely on to turn an outsized profit. </p> <p>Wintermute also got hit by a $160 million <a href="https://www.coindesk.com/business/2022/09/20/crypto-market-maker-wintermute-hacked-for-160m-says-ceo/">hack</a> on the firm's decentralized finance operation in September.</p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>