Solmate Infrastructure said in an October 30 disclosure that it had no Binance accounts or exposure and that its reported 1.26 million SOL was held with Kraken, Anchorage Digital or BitGo as of October 29. The filing is the company’s account of custody at that time, not an independent audit of every position. It does not say how the SOL is divided among the providers, whether any is committed to other activities or how quickly the company could access it. The statement addresses counterparty exposure, not the risk that SOL’s price may change.
Related Crypto News
Binance May Have Lost Half Five-Year Profits
@Binance’s estimated fines and hack losses total $10.7 billion, about 56% of its estimated five-year pre-tax profits, according to K33 Research. Some stolen funds remain frozen. #Update #Security
Devcon Opens; Ethereum Builders Face Delivery Test
@EFDevcon opens in Mumbai on November 3, with talks on privacy, security and applications; proposals presented there are not deployed $ETH upgrades. #Update #Ethereum $ETH