Zhao Changpeng: Binance was hacked with a gap of about 2 billion USD, and SPCX holdings can cover most of it
Oct 30, 2026 17:43:08
Binance founder Zhao Changpeng posted on the X platform that Binance suffered a loss of approximately 6 billion USD due to a hacker attack, of which 3 billion USD has been frozen, the SAFU fund is about 1 billion USD, and the remaining gap is about 2 billion USD.
Zhao Changpeng stated that the SPCX stocks held by Binance are worth over 1 billion USD, which can cover most of the remaining gap, and the remaining part is still painful but manageable. This portion of the stocks comes from the 500 million USD that Binance invested when participating in Musk's acquisition of Twitter. Zhao Changpeng previously mentioned that the actual loss might be slightly higher, but Binance will bear the responsibility.