Binance Hack: CZ Tells Elon Musk to Stop Trolling as $6.3 Billion Loss Draws FTX Comparison
Photo: Pixabay (illustration)
TLDR Binance says the total impact of its hack is about $6.3 billion, over four times the 2025 Bybit hack. Changpeng Zhao told Elon Musk it was a “bad time to troll” after Musk posted laughing emojis. About $3 billion in assets are frozen, and Binance says it will cover all user losses. Co-CEO Yi He says annual revenue can cover the losses, so Binance does not need to sell its SpaceX shares. Trader Quinten Francois says the market fell only 2% to 3% because there is no domino effect.
Also reported by Live Bitcoin News.
Source: CoinCentral
