CZ Says Binance Could Tap $1 Billion SpaceX-Linked Stake to Cover Hack Losses
Photo: TheCoinrise
Binance founder Changpeng Zhao raised the idea after an online exchange with Elon Musk. Changpeng Zhao, the founder of Binance, said the exchange may rely on a SpaceX-linked investment to offset losses from a hack. Zhao, widely known by his initials CZ, made the comment publicly after an online exchange involving Elon Musk. The remark linked two of the most closely watched figures in tech and crypto in a single news cycle. According to the reports, Binance holds a stake connected to SpaceX valued at approximately $1 billion.
Source: TheCoinrise
