Binance’s Yi He says revenue can cover hack losses without selling SpaceX shares

The co-founder says the exchange can absorb the damage from an estimated $6.3 billion breach while keeping its SpaceX stake intact Binance co-founder Yi He has a message for anyone wondering whether the exchange will need to sell its SpaceX shares to plug a hole left by a massive hack: it won’t. According to Yi He, Binance’s annual revenue is enough to cover the losses on its own. That is a big claim, given the size of the hole.

Source: Crypto Briefing