CZ: Binance's net loss from theft may be slightly over $1 billion, will be fully covered

October 30: DefiLlama founder 0xngmi posted on X that Binance has about $144 billion in custodied assets. With USDT and USDC frozen, the total loss from this incident is about $1 billion, only 0.69% of its custodied assets, which Binance can easily cover with its balance sheet. Binance founder CZ reposted the post and said the loss may be slightly higher, but will be fully covered. Separately, according to Lookonchain monitoring, more than $5.8 billion in assets were stolen from Binance, of which 1.58 billion USDT and 823 million USDC (totaling $2.41 billion) have been frozen.