😂 Binance lost $6.3 billion, but the wallet didn’t even flinch!
An ordinary person, after losing $100, eats buckwheat for a week. But Binance, according to CZ, survived a $6.3 billion ordeal and didn’t even run to borrow from the neighbors.
The exchange’s founder claims the company covered the losses with its own funds, setting aside more than $6.34 billion. No loans, no external financing, and no asset sales.
So while some people look for loose change under the couch, Binance pulls billions out of its own pocket. 😂
But the main question remains: how transparent are these reserves, and exactly how were the losses covered?
"BNB/USDT" (https://www.binance.com/en/trade/BNB_USDT) · "BTC/USDT" (https://www.binance.com/en/trade/BTC_USDT) · "ETH/USDT" (https://www.binance.com/en/trade/ETH_USDT)
An ordinary person, after losing $100, eats buckwheat for a week. But Binance, according to CZ, survived a $6.3 billion ordeal and didn’t even run to borrow from the neighbors.
The exchange’s founder claims the company covered the losses with its own funds, setting aside more than $6.34 billion. No loans, no external financing, and no asset sales.
So while some people look for loose change under the couch, Binance pulls billions out of its own pocket. 😂
But the main question remains: how transparent are these reserves, and exactly how were the losses covered?
"BNB/USDT" (https://www.binance.com/en/trade/BNB_USDT) · "BTC/USDT" (https://www.binance.com/en/trade/BTC_USDT) · "ETH/USDT" (https://www.binance.com/en/trade/ETH_USDT)