Binance co-founder Changpeng Zhao (CZ) asked Elon Musk to stop mocking the exchange during its hacker crisis and disclosed that Binance holds over $1 billion worth of SpaceX shares. Another co-founder, Yi He, stated that Binance's annual revenue is sufficient to cover the losses and there is no need to sell SpaceX shares yet. Binance subsequently released a funding update, stating that it has earmarked over $6 billion in company funds to address the incident, of which $5 billion is already held in affected token assets, and another $3 billion in assets are frozen and still undergoing recovery and verification.