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

Sofia Cheung
Sofia Cheung
Sofia Cheung
Reporter · Fargo, ND

Sofia Cheung is a dedicated community reporter with a focus on social issues affecting the Fargo area. A graduate of North Dakota State University, she has spent the last four years reporting for local networks, ensuring that underrepresented voices are heard.

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Reporter · Friday, October 30, 2026 at 10:43 AM · 1 min read
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Binance does not need to sell SpaceX shares to cover losses, co-founder says — Fargo Community news

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)

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