Binance Co‑Founder Zhao Urges Elon Musk to Stop Trolling Amid $1B+ SpaceX Share Claim

Binance co‑founder Changpeng Zhao (@cz_binance) publicly asked Elon Musk to cease what he called “trolling” during the exchange’s October 30 hack crisis, citing a holding of SpaceX shares he valued at over $1 billion. Zhao linked the shares to a $500 million investment Binance made in Musk’s takeover of Twitter. Binance’s other co‑founder Yi He (@heyibinance) later stated that the company’s annual revenue was sufficient to cover the hack losses, so selling the SpaceX shares was unnecessary. Binance subsequently announced it had reserved more than $6 billion in company funds—excluding frozen assets—to cover the incident, and detailed how it was purchasing affected token assets to close the shortfall. The exchange’s public statements highlight the financial interconnections between Binance, Musk’s ventures, and the broader crypto‑asset ecosystem during a major security breach.