CNBC · 2026-10-30 13:28 UTC

'Bad time to troll': Binance cofounder Changpeng Zhao asks Elon Musk for 'respect' after post about bitcoin hack

Binance cofounder Changpeng Zhao asked Elon Musk to stop mocking the exchange after a $6.3 billion hack, reminding him that Binance owns over $1 billion in SpaceX shares from its Twitter investment. Musk posted laughing and grimacing emojis in response to news of the hack; Zhao called it a 'bad time to troll' and asked for support instead. Binance froze withdrawals and deposits following the hack, suspected to be from North Korean hackers, with around $3 billion in crypto assets frozen so far.

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