Negative impactCompany
‘Our SpaceX shares are worth more than a bn’: Binance's CZ responds to Musk's trolling as hack investigation continues
Mint 1 hr ago·31 Oct 2026, 1:15 am
Binance co-founder Changpeng Zhao has responded to Elon Musk’s online teasing by pointing out that the exchange holds a significant stake in Musk’s company, SpaceX. This exchange of barbs comes while Binance is still dealing with the fallout from a major security breach. Zhao stated that the company’s investment in SpaceX is worth over a billion dollars, a fact he believes should stop the mocking. The incident highlights the high-profile nature of the cryptocurrency exchange and its connections to the tech world.
For investors, this news underscores the importance of security in the digital asset space. The breach has raised concerns about the safety of funds held on centralized exchanges. Binance has confirmed that approximately $3 billion in customer funds have been located and are under review, which is a positive step toward resolving the issue. The company is actively working to improve its security measures and restore trust among its users.
Moving forward, the focus will be on the outcome of the security review and any further updates from Binance. Investors should keep a close watch on how the exchange handles the breach and whether it can prevent similar incidents in the future. The situation also serves as a reminder to stay informed about the regulatory and security landscape of the crypto market.
Excerpt from Mint
Changpeng Zhao, the co-founder of Binance, has said that he would appreciate some support from Tesla CEO Elon Musk , who had been mocking the crypto exchange ever since the news of the massive hack became public. It all began with Zhao, who also goes by the name CZ, responding to a post on X, which read, ”Binance has…Read the original at Mint
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