CZ explains Binance hack damage: $3B frozen, $1B+ covered by SAFU, SpaceX stake to cover ~$2B gap

CZ detailed the Binance hack damage, saying of the over $6B total loss, $3B has been frozen, over $1B is covered by the SAFU emergency fund, and the remaining ~$2B gap is 'painful but manageable'. He plans to use Binance's ~$1B SpaceX stake to cover most of the gap, though a co-founder says Binance does not need to sell SpaceX shares to cover losses.

Detected & updated continuously · Source: Nebula