Binance co-founder Yi He says the platform’s annual revenue is sufficient to cover losses from an estimated $6.3 billion hack without selling Binance’s SpaceX stake. The attack reportedly began with a compromised employee laptop, which allowed attackers to make unauthorized withdrawals. Approximately $3 billion in assets have been frozen, while the SAFU emergency fund holds about $1 billion, leaving a residual gap of roughly $2 billion. Binance values its SpaceX stake at more than $1 billion but presents its revenue as an alternative source of funding. Users await the recovery of frozen funds and reimbursement of losses, while the incident is likely to draw regulatory scrutiny over employee device security and internal access at crypto platforms.
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