CZ: The remaining 2-billion shortfall is "painful," but remains within controllable limits.
Oct 30, 17:43
On October 30, regarding the losses and compensation following the hack on Binance, CZ stated that the losses may exceed external estimates, but Binance will cover them. His rough estimate is: over $6 billion stolen, around $3 billion frozen, more than $1 billion in the SAFU fund, and a funding gap of approximately $2 billion. He noted that the SPCX position alone is worth over $1 billion, and while the remaining shortfall is “painful,” it remains within controllable limits.