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Binance's Zhao asks Musk to stop trolling after $6.3 billion hack

Binance co-founder Changpeng Zhao asked Elon Musk to stop trolling after a $6.3 billion hack and cited a SpaceX stake, CNBC reported Friday.

Binance co-founder Changpeng Zhao asked Elon Musk on Friday not to mock the exchange after a $6.3 billion hack, CNBC reported1.

CNBC said Musk posted several emojis on X, from laughing to grimacing, after learning of the attack late Thursday1.

Zhao wrote that it was a "bad time to troll" and asked Musk to show some support, according to CNBC1.

Zhao said Binance's SpaceX shares, from a $500 million investment in Musk's Twitter takeover, were worth more than $1 billion, CNBC reported1. The outlet said that is a tiny fraction of SpaceX's roughly $2 trillion valuation1.

CNBC said the pair had clashed online before, including in November 2021, when Binance suspended Dogecoin withdrawals and Musk called the move "shady," after which Zhao cited a Tesla recall of almost 12,000 U.S. vehicles1.

Musk's response to Zhao's appeal was not described in CNBC's account1.

Sources

  1. CNBC'Bad time to troll': Binance co-founder Zhao asks Musk for support after hack