UPDATE: Who Is Exposed to the Binance Hack So Far?

Limited exposure: Wintermute reports exposure below 20% of net equity. CEO Evgeny Gaevoy sees no disruption to operations under any scenario. GSR reports exposure below 5% of net equity and expects no material disruption to business as usual. The firm is working with contacts at Binance to understand the issue. No direct exposure: Ethena says all collateral with exchange exposure sits with off-exchange custodians, not directly on exchanges. Lido says stETH is not affected and staking and withdrawals are running normally. Lido Earn has no direct exposure. Aave says contracts are unaffected and positions remain overcollateralized. As a precaution, all DAO-operated V3 and V4 markets are frozen. New deposits and borrows are paused. Withdrawals and repayments still work.