Binance Pledges Full Hack Coverage as Zhao Cites a $2 Billion Gap

Binance pledged to cover all losses from the hack with SAFU and company funds, while Zhao cited SpaceX shares without explaining how they would finance reimbursements.

Zhao put the gap tied to the hack at $2 billion. The pledge covers all losses and names SAFU and company funds as its sources. His SpaceX reference came without an explanation of how the shares would support reimbursement.

Those details describe separate parts of the response: Binance’s promise to cover losses and Zhao’s SpaceX share reference. The pledge identifies two sources for coverage, while Zhao did not state a role for the shares in paying reimbursements. His $2 billion figure states the size of the gap he cited.

Binance has stated that all losses will be covered through SAFU and company funds. Zhao has pointed to SpaceX shares but has not explained how they would finance those payments. The commitment names the funding sources; the share reference does not describe another mechanism.