[CZ and He Yi Respond to Binance Losses: Company's Annual Revenue Sufficient to Cover Them] Binance co-founder CZ stated that the freezing of USDT and USDC resulted in a loss of approximately $1 billion for Binance, representing about 0.69% of its custodied assets, which Binance will absorb. He Yi stated that Binance's annual revenue is sufficient to cover the losses, eliminating the need to sell its SpaceX shares. CZ further clarified that he did not mention selling SpaceX shares, but only outlined the financial situation to alleviate He Yi's concerns.