Binance Hack Sparks a War of Words Between Elon Musk and CZ

Elon Musk chose irony to react to the Binance hack, which resulted in estimated losses of $6.36 billion. But Changpeng Zhao (CZ) did not appreciate the joke. The founder of Binance responded by recalling a rather embarrassing financial detail for his critic: the $500 million invested by Binance in the acquisition of Twitter in 2022 is now worth more than $1 billion in SpaceX shares. The Binance hack has become one of the most discussed topics on X. Amid worries, criticism, and positions taken, everyone has their say. And some do not hesitate to joke about the situation. A meme notably compares CZ’s statements to those of Sam Bankman-Fried before the fall of FTX .

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