2min chapter

Odd Lots cover image

Understanding the Collapse of Sam Bankman-Fried's Crypto Empire

Odd Lots

CHAPTER

Cryptocurrency Market Structure: Evgeny Gavoy, CEO of Wintermute

Evgeny Gavoy is the founder and CEO of Wintermute, which is the largest crypto market-making operation. The last time we interviewed him, it had already become something of an infamous episode with our colleague Matt Levine. He described FTX or Alameda's own business as a Ponzi exactly. But in the wake of this implosion, I don't think there's any doubt that those comments are seen as just a massive red flag.

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