Binance Founder Demands Musk Stop Trolling
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Binance co‑founder Changpeng Zhao asked Elon Musk to cease trolling after the exchange suffered a $6.3 billion hack. Zhao reminded Musk that Binance holds a $1 billion‑plus stake in SpaceX, citing the company’s earlier investment in Twitter. He urged Musk to show support instead of mocking Binance on X. The hack forced Binance to freeze withdrawals and deposits, with investigators pointing to a North Korean state‑sponsored unit. Around $3 billion in crypto assets remain frozen. Zhao’s message followed a history of online sparring, including a 2021 dispute over Dogecoin withdrawals. The incident highlights the vulnerability of major crypto platforms to large‑scale cyberattacks.
More context
Timeline
- On November 1 2021 Binance suspended Dogecoin withdrawals, sparring with Musk.
- On October 29 2024 Binance hack caused $6.3 billion loss, assets frozen.
Why it matters
Immediate US impact: Potential regulatory scrutiny over crypto security. Possible long-term US impact: Increased investor caution toward cryptocurrency exchanges. Most affected groups: Crypto traders and Binance users. Reader priority: Understanding the impact of high‑profile cyber incidents.
Coverage notes
Center: Coverage from The Straits Times, instagram.com, Benzinga frames this as a developing news story: Binance Founder Demands Musk Stop Trolling. Reporting emphasizes verified facts, named sources, and near-term impact for readers. Left: Left-leaning desks covering the same development typically emphasize public impact, institutional accountability, and who is most affected. Right: Right-leaning desks covering the same development typically emphasize practical outcomes, market or security stakes, and institutional response.
Primary report
CNBC — Binance Founder Demands Musk Stop Trolling
Sources
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.
