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DMG Blockchain Solutions Issues Statement Regarding the Binance Security Incident and Provides Update on Patents Granted

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Cite

DMG Blockchain Solutions Issues Statement Regarding the Binance Security Incident and Provides Update on Patents Granted. (2026, October 31). Toronto Star. https://www.thestar.com/globenewswire/dmg-blockchain-solutions-issues-statement-regarding-the-binance-security-incident-and-provides-update-on-patents/article_e13e606d-91d4-5734-ac32-7033513b6e8e.html

Dated from the outlet's own feed. Check the original for its byline.

Toronto Star · collected 2026-10-31 · by GlobeNewswire, Inc.

Quick Summary

DMG Blockchain Solutions issued a statement on October 31, 2026, confirming that their company and affiliates were not affected by the recent security incident at Binance, with all client assets remaining secure. The company highlighted its robust security measures including restricted access and multiple levels of transaction approval to prevent unauthorized transactions. Additionally, DMG announced it had been granted two U.S. patents in 2026: one for a custom mempool protocol (Patent No. 12,548,012) that secures and accelerates cryptographic event processing, and another for multiple ordinals in one transmission (Patent No. 12,744,684), enhancing how digital assets are inscribed onto the blockchain.
Written by AI on 2026-10-31, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

DMG Blockchain Solutions Inc., a data center and digital assets technology company based in Vancouver, British Columbia, announced on October 31, 2026, that it was not affected by the recent Binance security incident and that all client assets remain secure. DMG emphasizes its commitment to information security with measures like restricted access, separation of duties, and multiple levels of transaction approval.

The company also highlighted its intellectual property efforts, noting a strategic development of patents to distinguish itself from other digital asset providers and move towards enterprise-grade blockchain technology solutions. This patent portfolio aims to solidify DMG’s position in the competitive landscape by providing proprietary infrastructure that goes beyond standard offerings.

Written for “DMG Blockchain Solutions Binance Statement” on 2026-10-31, grounded in this article and the 0 other(s) covering the same event.
Why this leaning score
This article does not take a side on a contested political question, so it has no leaning score. That is an answer rather than a gap: a match report or a rescue can be warmly or critically written without being left or right, and scoring it anyway is how approval of a subject gets recorded as a political position.
No political leaning scored for article 119062 · logged 2026-10-31

Story

📰 DMG Blockchain Solutions Binance Statement
Technology · 1 article(s) covering the same event.

Compared with similar articles

This article reads unscored and hedges 18% of its claims. Each row says how that neighbour differs.
The Straits Times
Hedges 5 of 21 claims Outlet record 66/100
“While both articles refer to the Binance heist, Article A discusses crypto exchanges' reactions, while Article B is DMG Blockchain Solutions' statement regarding their security and assets unaffected by the incident.”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
40
sentences that state something as happening or true
Uncertain
18%
7 of 40 hedged ("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
64/100
Toronto Star's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Technology
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-10-31 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

Toronto Star · 10694 article(s) · 27 correction(s) detected
Running correction rate · 27 correction(s)
2026-10-26
Correction
2026-10-24
Correction
2026-10-07
Correction
2026-09-24
Correction

Who wrote this

No reporter is named on this article, beyond the feed's “GlobeNewswire, Inc.”.

Topics

British Columbia DMG DMG Blockchain Solutions Inc. DMGI VANCOUVER

Subjects

DMG ORG · 14× DMG Blockchain Solutions Inc. ORG · 2× 6AX ORG · 1× Binance ORG · 1× British Columbia GPE · 1× DMGGF ORG · 1× DMGI ORG · 1× Sheldon Bennett PERSON · 1× U.S. GPE · 1× VANCOUVER GPE · 1×

Narrative

Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products and services, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin.
framing: assertive · carried by 1 article(s) · first seen 2026-10-31
🔮 Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG’s production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate mining difficulty.

Claims (40 extracted, 7 hedged)

DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated data center and digital assets technology company, today announced that the Company and its affiliates have not been affected by the recent Binance security incident and that all client assets remain secure asserted
assets → integrate → incident
DMG and its affiliates prioritize information security, fraud prevention and asset protection. asserted
DMG → prioritize → security
The Company’s security framework combines restricted access, separation of duties and multiple levels of transaction approval. asserted
framework → combine → approval
Together, these controls are designed to ensure that a single compromised device does not provide a user the authority needed to initiate, approve or complete an unauthorized transaction. asserted
device → design → transaction
Building Enterprise Value Through Intellectual Property asserted
Building → build → Property
Beyond ensuring robust security for digital assets, DMG continues to advance its proprietary infrastructure solutions. asserted
DMG → ensure → solutions
DMG has strategically developed a patent portfolio to differentiate itself from commoditized digital asset infrastructure providers and transition to an enterprise-grade blockchain technology provider. asserted
DMG → develop → provider
By systematically securing intellectual property across institutional compliance, network verification and proprietary transaction routing, DMG directly supports the enablement of institutional blockchain adoption. asserted
DMG → secure → adoption
For shareholders, this comprehensive IP portfolio establishes a defensible competitive position for DMG’s digital asset platform and helps position DMG to capture specialized transaction processing revenues across global blockchain ecosystems. asserted
portfolio → establish → ecosystems
Accelerating this strategy, DMG was granted two foundational U.S. patents in 2026: U.S. Patent No. 12,548,012: Custom Mempool Protocol Associated with Processing of Cryptographic Events (Granted: February 10, 2026) This patent establishes a proprietary custom mempool protocol that secures and accelerates how cryptographic events and ordinals are routed, batched and confirmed on-chain. asserted
events → accelerate → chain
Rather than exposing unconfirmed transactions to public peer-to-peer networks, the technology creates a direct pipeline between applications and participating mining nodes, while maintaining full compliance with public blockchain consensus algorithms. uncertain
technology → expose → algorithms
“Securing U.S. Patent 12,548,012 validates the groundbreaking architecture that DMG developed to bring institutional-grade predictability to blockchain networks,” stated Sheldon Bennett, CEO of DMG. asserted
Bennett → secure → DMG
“By bypassing public node congestion and routing transactions through a controlled mempool pipeline, our approach sets a new benchmark for how enterprises can securely transact with complete confidence and compliance.” asserted
enterprises → bypass → confidence
DMG’s newest patent modernizes how digital assets and data are inscribed onto the blockchain. asserted
assets → modernize → blockchain
By embedding multiple ordinals directly into transaction data fields and hashing them simultaneously into each block, the system significantly increases batch-processing efficiency, lowers transaction overhead and enables seamless on-chain storage without network congestion. asserted
system → embed → congestion
DMG’s global intellectual property holdings currently include 9 issued patents, 2 allowed applications and 13 pending applications across the United States, Canada, Europe, Australia and WIPO: Grant of Stock Options and RSUs DMG announces the granting of stock options and RSUs to employees and directors of the Company. asserted
Grant → include → Company
A total of 105,100 stock options (“Options”) and 1,045,500 restricted stock units (“RSUs”) have been granted. asserted
total → restrict → options
The Options are exercisable over five years at a price of $0.40 per share, with vesting in 25% increments on the six-, 12-, 18-, and 24-month anniversaries of the grant date. asserted
Options → vest → date
The RSUs vest in one year; these grants are designed to create an incentive structure that aligns longer-term performance with the Company’s growth. asserted
that → vest → growth
About DMG Blockchain Solutions Inc. DMG is a sustainable, vertically integrated data center and digital assets technology company that develops, manages and operates comprehensive platform solutions to monetize the artificial intelligence (AI) and blockchain ecosystems. asserted
that → develop → ecosystems
The Company’s operations are driven by two strategic pillars: Data Center Infrastructure (Core) and Digital Asset Financial Services (Core+). asserted
operations → drive → pillars
DMG is expanding its platform to include AI and sovereign compute solutions, supporting government, enterprise and research organizations across Canada. asserted
DMG → expand → Canada
For Media Inquiries: Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. asserted
term → define → release
Cautionary Note Regarding Forward-Looking Information This news release contains forward-looking information or statements based on current expectations. asserted
release → regard → expectations
Forward-looking statements contained in this news release include the Company’s strategy for growth, the planned monetization of certain product and service offerings, developing and executing on the Company’s products, services and business plans and the potential of the Company’s technology and operations, among others, are all forward-looking information. asserted
statements → look → others
Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG’s production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate mining difficulty. uncertain
results → affect → difficulty
Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. asserted
that → look → future
Such information can generally be identified by the use of forward-looking wording such as “may,” “expect,” “estimate,” “anticipate,” “intend,” “believe” and “continue” or the negative thereof or similar variations. uncertain
information → identify → expect
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. uncertain
assumptions → caution → information
Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company’s financial condition; the ability to remain competitive as other better-financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoin; the demand and pricing of AI data centers and usage; security threats, including a loss/theft of DMG’s bitcoin; DMG’s relationships with its customers, distributors and business partners; the inability to add more power to DMG’s facilities; DMG’s ability to successfully define, design and release new products in a timely manner that meet customers’ needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. uncertain
that → cause → personnel
DMG may not actually achieve its plans, projections, or expectations. uncertain
DMG → achieve → plans
Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products and services, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. asserted
that → base → bitcoin
Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. asserted
you → give → statements
The securities of DMG are considered highly speculative due to the nature of DMG’s business. asserted
securities → consider → business
Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain regulatory approval, the continued availability of capital and financing, equipment and/or infrastructure failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of viruses and diseases on the Company’s ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment towards DMG’s products, services, and AI and blockchain technology generally, failure to develop new and innovative products, litigation, lack of demand for the Company’s products and services, adverse weather or climate events, increase in operating costs, increase in equipment and labor costs, equipment failures, decrease in the price of bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. uncertain
results → cause → employees
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. asserted
statements → look → statement
The reader is cautioned not to place undue reliance on any forward-looking information. asserted
reader → caution → information
The forward-looking statements contained in this news release are made as of the date of this news release. asserted
statements → look → release
Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. asserted
Company → require → information
Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above. asserted
Company → undertake → matters
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