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Binance does not need to sell SpaceX shares to cover losses, co-founder says

By Thomson Reuters Oct 30, 2026 | 5:43 AM

Oct 30 (Reuters) – Binance does not need ​to sell ‌its SpaceX shares because its annual revenue ‌is ​enough ⁠to cover losses ⁠after hackers stole $6.3 billion from the crypto ​platform, co-founder Yi He said ⁠in ⁠a post ​on X on ​Friday.

Binance founder Changpeng ‌Zhao had written on X in ⁠an earlier reply to SpaceX CEO ⁠Elon ‌Musk that ⁠the platform ​held “$1.x ‌billion in SpaceX ​alone.”

(Reporting ⁠by Rajveer Singh Pardesi in Bengaluru; Editing by Joe ​Bavier)