Changpeng Zhao Urges Elon Musk to Cease Mocking Binance Following $6.3 Billion Hack
Binance co-founder Changpeng Zhao has publicly called on Elon Musk to stop mocking the cryptocurrency exchange following a massive $6.3 billion hack. The incident, which investigators suspect was orchestrated by North Korean state-sponsored group TraderTraitor, resulted in approximately $3 billion in crypto assets being frozen. Musk responded to the news with several mocking emojis on X (formerly Twitter). In response, Zhao highlighted Binance's significant equity stake in Musk's ventures, noting that their shares in SpaceX—stemming from a previous investment during the Twitter acquisition—are currently valued at over $1 billion. While Binance has since restored deposits, the hack remains a major event for the world's largest crypto exchange.
Topics: Binance cryptocurrency hack cyberattack Elon Musk SpaceX Tesla
Part of the story Bitcoin Price Drops Following Record $6.3 Billion Binance Hack (2 articles)