SBI VC Trade and bitbank Say Impact from Binance Outflow Incident Is Limited, Customer Assets Are Safe

According to Shenchao TechFlow, on October 30, citing CoinPost, Japanese financial giant SBI Holdings said on October 30 that its subsidiaries' risk exposure to Binance is currently limited, and Binance has committed to fully compensating losses. The theft involving approximately 1 trillion yen is not expected to affect the group's consolidated results. Services at SBI's Japanese licensed exchanges, SBI VC Trade and bitbank, continue to operate as normal, and customer assets remain unaffected.

Source: Shenchao TechFlow