CZ: The Remaining $2 Billion Shortfall, Though "Painful", Is Still Manageable

TechFlow reported on October 30 that, regarding losses and compensation following the Binance hack, CZ said the losses could be higher than external estimates, but Binance will cover them. His rough estimates are: roughly more than $6 billion stolen, roughly $3 billion frozen, roughly more than $1 billion in the SAFU fund, and a funding gap of roughly $2 billion. He said SPCX holdings alone are worth roughly more than $1 billion, and the remaining shortfall, though "painful", is still manageable.

Source: TechFlow