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Friday, October 30, 2026
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Channel News Asia·Singapore·

Binance does not need to sell SpaceX shares to cover losses, co-founder says

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CNA

Oct 30 : Binance does not need to sell its SpaceX shares because its annual revenue is enough to cover losses after hackers stole $6.3 billion from the crypto platform, co-founder Yi He said in a post on X on Friday.

Binance founder Changpeng Zhao had written on X in an earlier reply to SpaceX CEO Elon Musk that the platform held "$1.x billion in SpaceX alone." 

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