DMG ($DMGI) States It Is Unaffected by Binance Incident… Explains Approval Structure

DMG ($DMGI) said neither the company nor its affiliates were affected by Binance's October 2026 security incident and that customer assets remain safe. In an October 31 statement, DMG outlined a three-part security framework: access restrictions, segregation of duties, and multi-step transaction approvals. The company said the controls are designed so that even if a single device is compromised, its user cannot initiate, approve, or complete an unauthorized transaction. The statement follows Binance's October 30 disclosure of unauthorized withdrawals from a hot wallet totaling roughly $6.3 billion (about 8.47 trillion won). The incident puts exchange security controls in focus, and attention now turns to Binance's ongoing investigation and any further disclosures on affected parties and fund recovery.