Binance's Yi He: Revenue Covers Hack Losses, No Need to Sell SpaceX Shares

Binance cofounder Yi He said the exchange's revenue for the year is enough to absorb its hack losses, ruling out any sale of SpaceX shares. Replying to CZ, she said Binance's "revenue for the year is sufficient to cover the losses." CZ later said he had not proposed selling the shares, and was only pointing to the funds Binance holds. In a separate exchange, CZ told Elon Musk it was a "bad time to troll" and put Binance's hack shortfall at about $2 billion. By his rough math, roughly $2 billion remains uncovered once $3 billion in frozen funds and the SAFU fund are counted. After Musk answered with a grimacing emoji, CZ said Binance's SPCX shares come from its "$500m investment" in the [Link].