CZ and He Yi responded to Binance's losses, stating that the annual revenue is sufficient to cover it, and they will not sell SpaceX shares for now

Binance co-founder CZ and co-founder and Chief Customer Service Officer He Yi responded to the recent loss issues at Binance. CZ stated that previous analyses indicated that after USDT and USDC were frozen, Binance's total loss was approximately $1 billion, accounting for about 0.69% of its managed assets. He noted that the actual loss might be slightly higher than that figure, but Binance will bear it.

He Yi replied that the company's annual revenue is sufficient to cover the losses, so there is no need to sell SpaceX shares for the time being. CZ then added that he did not mention selling SPCX shares, but merely listed some funding situations that might be known.