✉news ScienceSpace first seen 1 d ago, last 7 h ago, peak #11
CZ Says Binance Hack Left $2 Billion Gap, Cites SpaceX Shares
Original: CZ Says Binance Hack Leaves $2 Billion Gap, Points to SpaceX Shares
Former Binance chief Changpeng Zhao says the exchange's 2019 hack created a roughly $2 billion shortfall that the company covered by drawing on its holdings, including stakes in Elon Musk's SpaceX. He disclosed that Binance held shares in the private space company and used such assets to backstop customer funds after the theft of 7,000 bitcoin.
Why now: CZ's rare public account of how Binance covered its 2019 hack using private shareholdings is drawing fresh attention
Changpeng Zhao (CZ)BinanceSpaceXElon Musk
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