Binance Cofounder Tells Musk It’s A ‘Bad Time To Troll’ After $6.3 Billion Crypto Hack
Binance cofounder Changpeng Zhao asked Elon Musk to stop trolling and show respect following a $6.3 billion cryptocurrency hack. Zhao highlighted Binance's stake in SpaceX, which exceeds $1 billion, while urging Musk to end his mockery of the event. The theft occurred in 20 minutes and represents the largest heist in crypto history. The amount of Bitcoin stolen from the exchange surpasses Tesla's current holdings and is more than double the reserves held by El Salvador.
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- ✓ Hackers stole $6.3 billion from Binance.
- ✓ Changpeng Zhao told Elon Musk it is a "bad time to troll" and asked for respect.
- ✓ The theft took 20 minutes to execute.
- ✓ Binance holds a stake in SpaceX valued at over $1 billion.
What changed
Changpeng Zhao publicly requested respect from Elon Musk and cited Binance's $1 billion-plus SpaceX stake.
Live updates
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Binance Cofounder Reprimands Elon Musk After $6.3 Billion Hack
Binance cofounder Changpeng Zhao asked Elon Musk to stop trolling and show respect following a $6.3 billion cryptocurrency hack. Zhao highlighted Binance's stake in SpaceX, which exceeds $1 billion, while urging Musk to end his mockery of the event. The theft occurred in 20 minutes and represents the largest heist in crypto history. The amount of Bitcoin stolen from the exchange surpasses Tesla's current holdings and is more than double the reserves held by El Salvador.
Why it matters
The scale of the theft caused crypto markets to waver and triggered panic among Binance users. This event marks a significant security failure for one of the world's largest exchanges. The public dispute between Zhao and Musk adds tension to the industry's recovery efforts.
What is confirmed
- Hackers stole $6.3 billion from Binance.
- Changpeng Zhao told Elon Musk it is a "bad time to troll" and asked for respect.
- The theft took 20 minutes to execute.
- Binance holds a stake in SpaceX valued at over $1 billion.
- The amount of Bitcoin stolen exceeds Tesla's holdings and is more than twice the reserve of El Salvador.
What to watch next
- Official statement from Elon Musk regarding the SpaceX stake
- Details on the recovery of the stolen $6.3 billion
- Regulatory responses to the security breach
confidence 100%Sources used for this update (10)
- CNBC — 'Bad time to troll': Binance cofounder Changpeng Zhao asks Elon Musk for 'respect' after post about bitcoin hack
- The New York Times — Binance’s $6.3 Billion Hack Is Just the Start of a Risky New Era
- Forbes — Binance Cofounder Tells Musk It’s A ‘Bad Time To Troll’ After $6.3 Billion Crypto Hack
- CoinDesk — BTC news: Bitcoin stolen from Binance tops Tesla’s holdings and is over twice El Salvador’s reserve
- Reuters — Gone in 20 minutes: How the biggest heist in crypto history unfolded
- www.cnbc.com — Binance hack: Zhao asks Elon Musk to stop trolling - CNBC
- www.businessinsider.com — Binance Cofounder Tells Elon Musk Its a 'Bad Time to Troll ...
- www.hindustantimes.com — Binance founder CZ tells Elon Musk to stop mocking $6.3 ...
- www.straitstimes.com — Binance hack: CZ tells Musk to stop trolling | The Straits Times
- finance.yahoo.com — Elon Musk Trolled Binance After Its $6.3 Billion Hack ...
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