CZ: Binance's loss this time may be slightly more than $1 billion, but it will be fully covered.

October 30: Binance founder CZ responded to "DeFiLlama founder 0xngmi's analysis of Binance asset losses," stating that the loss may be slightly higher than $1 billion, but Binance will bear the related losses.

Previously, 0xngmi posted that Binance's custodial assets scale is approximately $144 billion. After USDT and USDC were frozen, the estimated final loss is about $1 billion, accounting for only 0.69% of its total custodial assets. Binance can easily cover this loss through its balance sheet.