No. CZ did not say Binance would sell its SpaceX stake.

No. CZ did not say Binance would sell its SpaceX stake.

Replying to Elon Musk today after the reported ~$6.3B Binance hack, CZ wrote that Binance's SPCX shares from its $500M investment in the Twitter takeover are now worth more than $1B, asking Musk to stop trolling in a difficult moment, as quoted by @gonta_southwood and Telegram channels citing @cz_binance.

Accounts like @pete_rizzo_ and @forexblog9ja reframed that as a hint he could sell to cover losses so no user loses Bitcoin. Other coverage notes CZ never actually said "sell" and co-founder Yi He said revenue can cover losses with no need to sell yet.

Binance says it reserved $6.34B+ in company funds, including $5B in matching tokens, to cover verified user losses, with about $3B frozen via Tether, Circle and partners.

$SPCX here is SpaceX tokenized stock. Backpack's SPCX on Solana traded around $138.37 on Raydium (pair), down about 3.9% in 24h, with Gate spot at $135.92 and perps around $138.8-138.96.