CZ tells Musk 'bad time to troll' amid $6.3 billion Binance hack

On October 30, 2026, Binance co-founder and former CEO Changpeng Zhao publicly asked Elon Musk to stop mocking the exchange as it handled a security breach estimated at $6.3 billion, saying it was a bad time. Zhao noted Binance had invested about $500 million in Musk’s $44 billion Twitter takeover in 2022 and said that stake was now worth over $1 billion. Binance, a major cryptocurrency exchange, said the incident began Thursday and called it the largest hack in crypto history. It initially cited a compromised DevOps engineer’s laptop but later said the breach was more complex, froze about $3 billion, and said its SAFU emergency fund and reserves would cover losses while withdrawals remained paused.