CZ: Binance has not borrowed, sold assets, or raised financing; it is fully covering the stolen losses with its own assets.
Nov 3, 07:44
November 3 - Binance founder CZ, in response to the platform's recovery progress, added that one point not mentioned, which people might not even think of, is that Binance did not borrow money, did not sell assets, and did not raise funds. Binance fully covered the stolen losses using its own balance sheet, which is different from other incidents that people have been trying to compare it to.