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 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 …