DMG Says Client Assets Are Secure and Highlights Layered Transaction Controls

TL;DR DMG said on October 31 that it and its affiliates were unaffected by the Binance incident. The company described restricted access, separated duties and multiple transaction approvals. Asset exposure and the authority to move funds are different parts of a security assessment. DMG Blockchain Solutions said on October 31 that it and its affiliates had not been affected by the Binance security incident and that client assets remained secure. The company described restricted access, separated duties and multiple approval levels intended to prevent one compromised device from authorizing an unauthorized transaction. The issuer statement brings two distinct questions into view: where a business has exposure, and how it controls the movement of assets.

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