CZ fires back at Elon Musk over Binance hack jokes, cites $1B SpaceX stake

Binance founder Changpeng Zhao (CZ) has publicly asked Elon Musk to stop mocking the cryptocurrency exchange following its reported $6.3 billion security breach, turning a series of jokes on X into a dispute over Binance’s response to the attack. Summary Binance founder Changpeng Zhao (CZ) has publicly asked Elon Musk to stop joking about the exchange’s security breach. Musk reacted to Zhao’s earlier cybersecurity warning with laughing emojis and commented, “Everyday is Zeroday.” Zhao cited a SpaceX investment he values at more than $1 billion while explaining Binance’s ability to cover losses. Binance co-CEO Yi He said the company’s annual revenue could cover the shortfall without selling those shares. Binance estimates the October 29 security incident affected $6.3 billion in assets, with around $3 billion frozen. In a post on X, the Binance founder told Musk he respected him but considered the timing of his comments inappropriate. “Elon, have a lot of respect for you, but bad time to troll. Please stop,” Zhao wrote. He then reminded Musk of Binance’s investment in his businesses, asking him to show support while the exchange dealt with the losses. CZ asks Elon Musk to stop troll...