[CZ: Binance's Losses May Exceed $1 Billion, But It Will Bear the Full Amount] Jinse Finance reported on October 30th that Binance founder CZ responded to "DeFiLlama founder 0xngmi's analysis of Binance's asset losses," stating that the losses may slightly exceed $1 billion, but Binance will bear the relevant losses. Previously, 0xngmi stated that Binance's custodial assets are approximately $144 billion. After USDT and USDC were frozen, the estimated final loss is approximately $1 billion, representing only 0.69% of its total custodial assets. Binance can easily cover this loss through its balance sheet.