Bitwise CEO Says Client Assets Are Safe Amid Binance Security Incident

Bitwise’s CEO said client assets held in the firm’s vaults, private funds and exchange-traded funds are safe. Bitwise’s team will continue monitoring the situation involving Binance, while spot and lending markets may face short-term volatility.

The executive said Bitwise’s team will continue monitoring the situation involving Binance. The CEO also said Binance had received support from industry participants.

Cybersecurity defenses remain an important issue for companies this year and in the years ahead, the executive said.