Binance’s Yi He says revenue can cover hack losses without selling SpaceX shares

The co-founder says the exchange can absorb the damage from an estimated $6.3 billion breach while keeping its SpaceX stake intact Binance co-founder Yi He has a message for anyone wondering whether the exchange will need to sell its SpaceX shares to plug a hole left by a massive hack: it won’t. According to Yi He, Binance’s annual revenue is enough to cover the losses on its own. That is a big claim, given the size of the hole. The statement arrived on October 30, 2026, one day after a breach that Binance estimated had affected approximately $6.3 billion in assets. How the numbers break down The attack reportedly began with something painfully ordinary: a compromised employee laptop. That single point of entry allowed attackers to make unauthorized withdrawals from the platform. Binance co-founder Changpeng “CZ” Zhao later walked through the recovery math. Roughly $3 billion in assets has been frozen on-chain as part of the cleanup effort. On top of that, the Secure Asset Fund for Users, better known as SAFU, holds about $1 billion or more to cover user losses tied to the incident. SAFU is Binance’s emergency reserve, built for exactly this kind of scenario. Subtract the frozen fu...