Binance co-founder He Yi said the exchange generates enough annual revenue to absorb losses from the latest theft and does not need to sell its SpaceX stake for now. Her comment followed remarks by former Binance CEO Changpeng Zhao, who said Binance’s $500 million investment in Elon Musk’s Twitter acquisition has turned into a SpaceX holding now worth more than $1 billion. Zhao later added that he was not signaling any intention to sell those shares and was only giving a partial picture of the company’s funds. The comments address questions over whether Binance might need to liquidate assets after the security incident.
Binance co-founder He Yi said on X that Binance’s annual revenue is enough to cover losses from the latest theft and that the company does not need to sell its SpaceX stake for now.
Earlier, Changpeng Zhao said in a response to Elon Musk that Binance invested $500 million in Musk’s acquisition of Twitter, and that the SpaceX shares received through that investment are now worth more than $1 billion. Zhao later added that he was not indicating any plan to sell the stake and was only showing part of the company’s funding position.
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