CZ Says Binance’s SPCX Holdings Can Cover Most of a $2 Billion Gap

CZ said Binance's SPCX holdings can cover most of a $2 billion gap. He put total losses from the hack above $6 billion, with $3 billion frozen and more than $1 billion in the SAFU fund counted against the losses. The company faces a shortfall after accounting for frozen assets and its insurance fund.