DECRYPT · 2026-10-30 16:25 UTC

Elon Musk, CZ Trade Blows Over SpaceX Shares After $6.4B Binance Hack

Binance suffered a $6.4 billion cryptocurrency hack, the largest in history, with funds stolen across multiple blockchains on October 29. CZ called out Elon Musk for mocking Binance after the hack, reminding him that Binance holds over $1 billion in SpaceX shares from its $500 million Twitter investment. Binance co-CEO Yi He stated the exchange's annual revenue is sufficient to cover losses and they do not need to sell SpaceX shares; attackers moved funds through decentralized exchanges and stablecoins were partially frozen.

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