30.10.2026 14:11
Following the hacking of cryptocurrency exchange Binance, tension arose between Elon Musk and Binance founder Changpeng Zhao (CZ). After Musk reacted to the cyberattack with a grimacing emoji, CZ said, “Elon, I have great respect for you, but this is not the time to mock. Please stop.” CZ reminded that the current value of his investments in Musk’s company is 1 billion dollars.
As volatility continues in cryptocurrency markets following Binance's hack, a post by Elon Musk, one of the world's richest people, drew attention.
Musk shared a grimacing emoji (??) on his X account regarding the developments. This post drew a reaction from Binance founder Changpeng Zhao.
HARSH REACTION FROM CZ TO ELON MUSK
CZ, who was reported to have responded to Musk's post, said:
“Elon, I have great respect for you, but this is not the time to mock. Please stop. Even just our investment in your company is currently worth $1 billion.”
CZ's words laid bare the tension between the two figures, while the emphasis on the $1 billion investment in particular drew attention.
BILLIONS OF DOLLARS IN CYBERATTACK ON BINANCE
After the cyberattack on Binance, approximately $6.3 billion in digital assets were reported to have been affected. The company announced that about $3 billion in assets had been frozen and declared that users' losses would be covered.
It was reported that the attackers converted part of the seized assets into Ethereum, while approximately $3.1 billion in assets were in wallets controlled by the attackers.
Binance emphasized that user funds were safe and reported that investigations into the attack were ongoing.
$1 BILLION INVESTMENT DETAIL
It is known that Binance provided $500 million in investment support to Elon Musk's 2022 Twitter acquisition process.
In CZ's remarks to Musk, his statement that the current value of this investment was $1 billion was one of the notable details of the debate.
IS NORTH KOREA BEHIND THE ATTACK?
It was claimed that North Korea-linked hacker groups may be behind the multibillion-dollar cyberattack on Binance. While investigations into who carried out the attack continue, the North Korea claim has not yet been confirmed.
SHARP DECLINE IN CRYPTOCURRENCY MARKETS
After Binance was hacked, selling pressure was reported in cryptocurrency markets. The multibillion-dollar security breach increased investors' concerns, while sharp price movements in the markets drew attention.
BILLIONS OF DOLLARS IN ASSETS FROZEN
After the attack, approximately $3 billion in digital assets were reported to have been frozen. Binance announced that users' losses would be covered and stated that investigations into the incident were ongoing.