Penguin logoPenguin TradingFind value beyond consensus
← Crypto News

SBI VC Trade and bitbank state they are minimally affected by the Binance outflow event, with customer assets safe.

on October 30, according to CoinPost, Japanese financial giant SBI Holdings stated on the same day that its subsidiaries' risk exposure to Binance is currently limited, and Binance has committed to fully compensating for the losses. The group expects that the approximately 1 trillion yen theft will not impact its consolidated financial results. Services at SBI's Japan-licensed exchanges SBI VC Trade and bitbank continue to operate normally, with customer assets remaining unaffected.