CZ: Binance Covered $6.3B Hack Solely From Balance Sheet, No Loans, No Asset Sales, No Fundraising

Binance founder Changpeng Zhao, known as CZ, said the exchange covered the $6.3 billion hack entirely from its own balance sheet. In a post on X dated November 2, he stated Binance did not borrow money, sell assets, or raise funds to absorb the losses.