CZ: Binance has not borrowed funds, sold assets, or raised capital, and is fully using its own assets to cover losses from the hack.
2 hours ago
Binance founder CZ added regarding the platform’s recovery progress that one unmentioned detail, which people may not even realize, is that Binance did not take out loans, sell assets, or raise financing. The exchange fully used its own balance sheet to cover the stolen losses, a key difference from other incidents that have been commonly compared to it.
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