Metaplanet CEO said that the company’s BTC assets are held in cold storage by regulated custodians and expressed support for Binance
BIBIBI
AT A GLANCE
Metaplanet CEO said that the Bitcoin network was not affected by the incident and that the company’s BTC assets are held in cold storage by regulated custodians.
Article
Metaplanet CEO Support Binance: The Bitcoin network was not affected by this incident, and the company’s BTC assets are all held in cold storage by regulated custodians
BlockBeats reported that October 30，Metaplanet CEO Simon Gerovich posted a statement expressing support for Binance and all teams working around the clock to handle the incident, saying that industry participants should work together in such moments.
Gerovich stressed that the incident did not affect Bitcoin itself, and that the Bitcoin network has operated normally according to its established mechanisms since 2009. In addition, all Bitcoin held by Metaplanet is stored in cold wallets and held by leading regulated custodians in the industry.
Original link https://m.theblockbeats.info/flash/374648
Key points
01
BlockBeats reported that October 30，Metaplanet CEO Simon Gerovich posted a statement supporting Binance and the teams handling the incident.
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Simon Gerovich said that industry participants should work together in such moments.
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Simon Gerovich said that the incident did not affect Bitcoin itself.
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Simon Gerovich said that the Bitcoin network has operated normally according to its established mechanisms since 2009 and has continued to do so.
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Simon Gerovich said that all Bitcoin held by Metaplanet is stored in cold wallets and held by leading regulated custodians in the industry.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a CEO media account of a public statement. The core meaning is that he believes the unspecified “incident” did not affect the Bitcoin network, while stating that Metaplanet stores its Bitcoin holdings in cold wallets with regulated custodians.
Why it matters to readers
This statement describes the asset custody arrangement that Metaplanet claims to use and expresses support for the Binance teams handling the incident; however, it cannot alone prove that the incident has been resolved or that all relevant assets are safe.
Beginners should distinguish between the Bitcoin network, trading platforms, and corporate custody arrangements: one party’s claim that its assets are held in cold storage does not mean that the assets of other platforms or users are risk-free.
Risks and unknowns
The original text does not specify the nature, scope, or response progress of the “incident.”
The statements concerning the Bitcoin network being unaffected and Metaplanet’s custody arrangements come from Simon Gerovich; the evidence contains no independent verification.
The evidence does not disclose the name of the regulated custodian.
The evidence does not confirm Binance the platform’s operations, the safety of user assets, or the outcome of the incident response.
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Related concepts
BTC
The abbreviation commonly used for Bitcoin when referring to it as a digital currency.
