Binance faces $6.3 billion hack, CZ publicly responds to Elon Musk’s remarks

Binance, the world’s largest cryptocurrency exchange, is contending with a record-breaking $6.3 billion security breach. The incident has sparked a public exchange between Binance co-founder Changpeng Zhao (CZ) and Tesla and SpaceX CEO Elon Musk, after Musk made multiple comments on social media about the breach. As the scale of the hack emerged, Musk, who also owns the social media platform X, posted a grimacing emoji in response to news surrounding Binance’s losses. This prompted CZ to issue a direct response, urging Musk to stop with the public trolling and to show support during the crisis.