CZ asks Musk to stop trolling, saying ‘our’ SpaceX shares top $1 billion
Summary
During Binance’s Oct. 30 hack crisis, co-founder Changpeng Zhao asked Elon Musk to stop trolling and show support, citing an estimated SpaceX shareholding worth over $1 billion. Co-founder Yi He said Binance’s annual revenue was sufficient to cover losses and that it did not yet need to sell the shares. Binance separately said it had reserved over $6 billion in company funds for the incident, including $5 billion already held in the affected tokens; it was acquiring the remainder, a process slowed by low liquidity and OTC settlement. The company also reported $3 billion in frozen assets, which remain subject to recovery and verification.
