Binance does not need to sell SpaceX shares to cover losses, co-founder says
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.
More from Sofia →Reporter · Friday, October 30, 2026 at 10:43 AM · 1 min read
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)