# CZ Says Binance Can Cover Security Losses as Musk Responds

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/44366
Published: 2026-10-30T07:03:23.000Z
Updated: 2026-10-30T07:03:23.000Z
Section: Business

> An X user compared CZ's assurance with a claim SBF made before FTX collapsed. Musk replied to the comment with a grimacing-face emoji.

CZ posted that Binance had enough funds to cover losses tied to a security incident.

An X user said SBF had also said FTX had enough funds before it collapsed. Musk replied beneath the user's comment with a grimacing-face emoji. His intent was unclear.