[CZ: Binance Covers Theft Losses with Its Own Balance Sheet, No Borrowing or Asset Sales] Binance founder CZ posted on the X platform that Binance's losses from the theft were covered by its own balance sheet. Binance did not borrow money, sell assets, or raise funds, unlike other events that have been compared to this. CZ previously posted that Binance had allocated 100% of the funds, with only 5% needing to be converted into some altcoins, which would take some time. Binance co-CEO He Yi subsequently posted on the X platform that some stablecoins and Bitcoin also needed to be converted into related altcoins, and that Binance had no funding shortfall.