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Zhao Changpeng says Binance loss may be slightly above $1bn and it will cover it

NewsFeeds update

Binance founder Zhao Changpeng says the loss may be slightly above $1bn and that Binance will bear it, replying to DefiLlama founder 0xngmi, who estimated a final loss of about $1bn, or 0.69% of roughly $144bn in custodied assets, after USDT and USDC were frozen.

StablecoinsChainCatcherAIBearish

Read the original on ChainCatcher

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.