CZ: Binance did not borrow, sell assets, or raise funds—it fully covered the theft losses using its own capital.

On November 3, Binance founder CZ provided additional clarification regarding the platform’s recovery progress: a previously unmentioned—and perhaps even unimaginable—detail is that Binance neither took on debt nor sold assets, nor raised any external funding; instead, it fully covered the losses from the hack using its own balance sheet—a stark departure from how similar incidents are typically benchmarked externally.