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that the exchange’s revenue for the year was sufficient to cover the hack losses and that the company did not need to sell its stake in SpaceX.
Cointelegraph reported that Yi He said the exchange's revenue for the year was sufficient to cover the hack losses and that Binance did not need to sell its SpaceX stake.
This line is our short summary of the quote below. The quote is the evidence.
Cited in theories
- Questions raised about Binance's coverage of the loss: Evidence against. Yi He said the year's revenue is sufficient.
Other statements from the same source
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Cointelegraph quoted a Binance spokesperson as saying the $5 billion is held in the exact token assets required and is in Binance custody.
“The $5 billion is held in the exact token assets that are required. These assets are in Binance custody,” a Binance spokesperson told Cointelegraph.
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Cointelegraph reported that Changpeng Zhao said Gulf, Binance's partner in Thailand, had offered financial support.
he said Gulf, Binance’s partner in Thailand, had offered financial support.
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Cointelegraph reported that Changpeng Zhao said Binance's SpaceX holdings alone were worth more than $1 billion.
the company’s SpaceX holdings alone, linked to a $500 million investment in Elon Musk’s Twitter takeover, were worth more than $1 billion.
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Cointelegraph reported that CertiK said it needed more information from Binance to assess whether the claimed $5 billion in matching tokens could be independently verified on-chain.
CertiK told Cointelegraph that it needed more information from Binance to assess whether the claimed $5 billion in tokens matching those stolen could be independently verified on-chain.
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Cointelegraph reported that Nansen said it could not verify what funds Binance had available beyond its roughly $1.16 billion emergency fund.
Blockchain analytics company Nansen told Cointelegraph that it could not verify what funds Binance had available beyond its roughly $1.16 billion emergency fund or where the money to cover the remaining losses would come from.