15 hours ago
Bitwise says its treasury has no Binance exposure and collateral remains unaffected
Bitwise said its treasury operations do not have exposure to Binance and that the collateral used in its managed strategies has not been affected, according to a post from Jonathan Man, the firm’s head of DeFi strategy. Man added that DeFi appears to have been relatively insulated so far, though capital is moving into safer assets and liquidity is tightening across many major lending markets. He said Bitwise will keep monitoring the situation. The comments came on the same day Binance’s hot wallet was hit in a hack, linking the firm’s risk update to a broader market security incident without stating any direct impact on Bitwise-managed assets.
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