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CZ Says Binance Could Use Its $1 Billion SpaceX Stake to Cover Hack Losses
The post CZ Says Binance Could Use Its $1 Billion SpaceX Stake to Cover Hack Losses appeared first on Coinpedia Fintech News Former Binance CEO Changpeng Zhao (CZ) says the exchange could use its stake in Elon Musk’s…
· 1 min read · 157 words · via Coinpedia
Wire briefing
The post CZ Says Binance Could Use Its $1 Billion SpaceX Stake to Cover Hack Losses appeared first on Coinpedia Fintech News Former Binance CEO Changpeng Zhao (CZ) says the exchange could use its stake in Elon Musk’s SpaceX, now worth more than $1 billion, to cover losses from the $6.3 billion hack. However, co-founder Yi He said that the exchange may not need to sell the shares, as its yearly revenue is enough to cover the …
Source: Coinpedia. This is a wire summary for GetFreeBit readers - verify the original report before making custody, trading, or tax decisions. Not financial advice.
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