Unauthorized outflow of crypto assets at Binance
Binance, an overseas crypto asset exchange, and our subsidiaries with exposure to Binance
Crypto assets, Binance’s deposits and withdrawals, and customer services provided by SBI VC Trade Co., Ltd. and bitbank, inc.
Unauthorized outflow of crypto assets at Binance
No impact on our consolidated results
Company response
Binance suspended all deposits and withdrawals. SBI VC Trade Co., Ltd. and bitbank, inc. continue to provide customer services as usual.
The details remain under review. We will promptly disclose any matters that arise requiring disclosure.
If any matters requiring disclosure arise, they will be reported promptly.
| Item | Details |
|---|---|
| Event name | Unauthorized outflow of crypto assets at Binance |
| Subject Entity | Binance, an overseas crypto asset exchange, and our subsidiaries with exposure to Binance |
| Target Locations / Products | Crypto assets, Binance’s deposits and withdrawals, and customer services provided by SBI VC Trade Co., Ltd. and bitbank, inc. |
| Cause | Unauthorized outflow of crypto assets at Binance |
| Impact on Earnings Forecast | No impact on our consolidated results |
| Suspended operations | Binance suspended all deposits and withdrawals. SBI VC Trade Co., Ltd. and bitbank, inc. continue to provide customer services as usual. |
| Outlook | The details remain under review. We will promptly disclose any matters that arise requiring disclosure. |
| Planned follow-up disclosure | If any matters requiring disclosure arise, they will be reported promptly. |
Items this document does not state (17)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Because the exposure of our subsidiaries to Binance is currently limited, taking into account Binance’s policy of fully compensating the losses.