Breaking down crypto's biggest ever liquidation event with Wintermute founder Evgeny Gaevoy

Evgeny Gaevoy, CEO, Wintermute

Episode 6 of The Big Brain Podcast, hosted by The Block's President Larry Cermak and MegaETH CSO Namik Muduroglu, was recorded with Wintermute founder and CEO Evgeny Gaevoy.

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In this episode of the Big Brain Podcast, Larry and Namik are joined by Wintermute Founder and CEO Evgeny Gaevoy to discuss the recent historic crypto crash, explaining how extreme leverage, exchange failures, and forced ADL liquidations led to market chaos and liquidity breakdowns across the ecosystem.

Outline

Introduction
What Happened?
Understanding ADL
Transparency and Privacy on Hyperliquid
Circuit Breakers
Occam’s Razor
Assessing the Damage
Lessons learned
Looking Ahead
A Maturing Market
Dealing with Extreme Volatility
Impact on DeFi
Wintermute as the Crypto Villain
What else does Wintermute do?
Conclusion

SHOW LINKS:
- Apple: https://apple.co/43F3vmq
- Spotify: https://spoti.fi/44NT1lZ
- Larry: https://x.com/lawmaster
- Namik: https://x.com/NamikMuduroglu
- The Block Podcasts: https://x.com/TheBlockPods

GUEST LINKS
https://x.com/evgenygaevoy⁠

https://x.com/wintermute_t

This episode of the Big Brain Podcast is brought to you by our sponsor, ⁠Canton Network⁠.

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