CZ denies saying Binance would sell SpaceX shares
BROBROK News · Based on reporting by DiarioBitcoin ·
Changpeng Zhao said he did not announce that Binance would sell its SpaceX stake. He said the mention came up while responding to FTX comparisons and defending Binance’s financial position. The exchange followed Elon Musk’s public comments about a Binance hack that media reports estimated at $6.3 billion.
Key points
- CZ denied announcing any sale of SpaceX shares.
- He said the stake was mentioned to push back on FTX comparisons.
- Binance said annual revenue is enough to cover the losses.
- CZ described the SpaceX stake as small relative to the company’s size.
- The episode mixed a financial clarification with a public clash involving Musk.
Why it matters
The clarification helps separate Binance’s loss-coverage discussion from speculation about an asset sale. For investors, it also shows how public statements can quickly turn into market-moving narratives.
Original headline: “CZ niega haber dicho que Binance vendería sus acciones de SpaceX”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.