CZ Asks Elon Musk to Stop Trolling Binance Following $6.3B Breach

The tension began when Musk responded to Zhao’s prior cybersecurity warnings with laughing emojis and a jab about “zero-day” vulnerabilities. As the scale of the hack—which saw $6.3 billion in assets impacted—became clear, Zhao pushed back against the billionaire’s dismissive tone. He reminded Musk of Binance’s $500 million investment in his Twitter takeover, noting that the resulting SpaceX holdings have doubled in value. Zhao framed the mention of these shares as a demonstration of the exchange’s remaining resources, emphasizing that the firm has roughly $3 billion frozen and additional reserves to manage the shortfall.

Binance co-CEO Yi He moved to downplay concerns regarding the company’s liquidity, stating that annual revenue is sufficient to absorb the losses without liquidating the SpaceX position. While Zhao maintained that he did not intend to sell the shares, his public appeal for support drew sharp attention from industry figures. Coinbase CEO Brian Armstrong offered professional cooperation, contrasting with the mockery from other tech observers. Binance continues its investigation into the breach, which initial findings suggest stemmed from a compromised DevOps engineer's laptop. The exchange plans to resume withdrawals shortly, even as blockchain investigators point toward the Lazarus Group for the sophisticated exploit.