Elon Musk is Trolling the Binance Hack, and CZ Reminds Him of SpaceX Investment

Binance is about $2 billion short after North Korea-linked hackers took roughly $6.3 billion from the world's largest crypto exchange on October 29, with about $3 billion frozen and withdrawals paused. Founder Changpeng Zhao, known as CZ, said on Friday that the gap after accounting for the $1.17 billion SAFU emergency fund and Binance's SpaceX shares is manageable. He cited Binance's $500 million investment in SpaceX CEO Elon Musk's 2022 Twitter takeover, now held as SpaceX shares worth more than $1 billion, after Musk mocked the hack on X. Co-CEO Yi He said yearly revenue can absorb the losses, so Binance need not sell the shares; withdrawals should restart within 48 hours.