- CZ stated losses may be over $1 billion
- Binance will cover losses
- Binance founder Changpeng Zhao (CZ) said losses from the suspected hack may exceed $1 billion and that the company will cover all losses.
CZ stated that losses from the Binance hack could be over $1 billion, and that the company will cover all losses. This follows earlier reports of a $2.8 billion outflow and Tether freezing $971 million in USDT.
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