CZ urges Elon Musk to stop trolling after Binance hack, reassures reserves cover $6.4B loss

Binance co-founder Changpeng Zhao, widely known as CZ, publicly addressed Elon Musk on Friday, following Musk’s response to the recent $6.4 billion hack that targeted the world’s largest cryptocurrency exchange. CZ reminded Musk that Binance holds SpaceX shares valued at more than $1 billion, and asked him to refrain from making light of the situation during a challenging period for the exchange. After reports emerged that a substantial portion of the stolen funds had been frozen, estimates suggested Binance could still face losses nearing $1 billion.