Wintermute deposited 9 million CVC (2 million USD) into Binance earlier today, and the price subsequently dropped from 0.21 USD to 0.14 USD. CVC is currently priced at 0.1421 USD, with a daily decline of 19.9%.

Wintermute withdrew 2.5 million YGG (worth $1.03 million) from Kraken 22 hours ago, as monitored by The Data Nerd. The same address also received 815,500 YGG from the Yield Guild Games treasury wallet 4 days ago.

Wintermute's founder and CEO, Evgeny Gaevoy, revealed on the X platform that the NEAR Foundation and Aurora have refused to fulfill their commitment to sell the stablecoin USN for FTX assets worth $11.2 million. Wintermute stated that it will make a final public attempt to request that the NEAR Foundation complete the redemption, and if the NEAR Foundation continues to refuse, Wintermute will take legal action. Gaevoy stated that Wintermute has been working with the FTX bankruptcy estate since this spring to facilitate its asset liquidation to maximize creditor distribution. As part of this effort, Wintermute was asked to assist in selling 11.2 million USN, and Wintermute executed the transaction, providing over $11 million in funds to FTX creditors. The sale was based on NEAR's public statement that it could trade USN for USDT at a 1:1 ratio, but when Wintermute submitted a redemption request, NEAR refused to fulfill its commitment. Two and a half months later, Wintermute has not received any USDT and was ultimately offered 20% of the amount in question.

Wintermute founder and CEO Evgeny Gaevoy has accused NEAR Foundation and Aurora of failing to convert $11 million worth of USN stablecoins. Gaevoy claims that NEAR refused to honor their commitment to facilitate the sale of $11.2 million worth of USN for the FTX estate, despite previously earmarking money for it. Wintermute executed the transaction on the basis that it would be able to redeem USN to USDT on a one-to-one basis, but NEAR allegedly "refused to honor their commitments" and offered a final settlement of 20% of the $11 million. Wintermute plans to pursue legal action against NEAR and Aurora.