CZ, Binance's co-founder, asked Elon Musk to stop trolling the exchange after Musk appeared to mock it following a $6.4 billion hack, the largest in history. CZ noted that Binance's SpaceX shares, from a $500 million investment tied to Musk's Twitter takeover, are worth more than $1 billion. Binance co-CEO Yi He said the company's annual revenue can cover the losses without selling its SpaceX holdings, and CZ later clarified he had never suggested a sale. Binance has reserved more than $6.34 billion in company funds to cover the incident, and TRM Labs and Chainalysis attributed the attack to North Korea-linked hacking group TraderTraitor.
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Related tickers and likely impact
BNB/USDT
▼ Likely negativeBNB
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Exchange tokens |
| Market cap | $97.5B |
| Close on 10/29/2026 | 698.46 |
| Change that session | -8.08% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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