Binance Hack: CZ Tells Elon Musk to Stop Trolling as $6.3 Billion Loss Draws FTX Comparison
Image: CoinCentral
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. Binance founder Changpeng Zhao told Elon Musk on Friday to stop trolling. Musk had reacted with laughing emojis to concerns that Binance’s hack losses could mirror the 2022 collapse of FTX.
Read the full story on CoinCentralBeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinCentral.
