Bitwise says Binance hack had no impact on its vaults, flags tighter DeFi liquidity

Jonathan Man, Bitwise’s head of DeFi, said the collateral assets used in the firm’s managed vaults and investment strategies were not affected by the Binance hack. Man said the company’s managed vaults have no Binance-related exposure and it had confirmed no issues with the collateral assets.

He added the DeFi market appeared to have seen relatively less direct impact, but liquidity was tightening across major lending markets as demand for safe-haven assets spread.

Source: Coinness