Elon Musk, CZ Trade Blows Over SpaceX Shares After $6.4B Binance Hack
Summary
Binance co-founder Changpeng Zhao asked Elon Musk to stop mocking the exchange after a reported $6.4 billion theft, citing Binance’s more than $1 billion in SpaceX shares as evidence of its resources. Binance says it has reserved over $6.34 billion to cover losses, including $5 billion in matching tokens, and is buying the rest. Stablecoin issuers froze $2.39 billion linked to the attackers, while funds converted to Ethereum were harder to stop. Analytics firms attributed the attack to North Korea-linked group TraderTraitor. Binance co-CEO Yi He said company revenue could cover losses without selling SpaceX shares; Zhao clarified he had not suggested selling them.
