Binance Cofounder Asks Musk Not To ‘Troll’ After Record $6.3 Billion Crypto Hack

Binance co-founder Changpeng Zhao has admonished Elon Musk to cease mocking the $6.3 billion cryptocurrency hack that Binance suffered. Musk expressed his amusement at the incident through laughing and grimacing emojis on X, which prompted Zhao to request the billionaire to halt the mocking and display some support. The exchange between the two occurred on Friday, October 30, following Binance's disclosure of the largest cryptocurrency theft on record.

Zhao advised people to avoid opening links or downloading attachments from emails, even if they appeared to come from trusted sources, which he shared on October 28. Musk responded to the warning with fire and laughing emojis. Zhao later expressed his hope that more people would have followed his security advice, but he clarified that the attack was far more complex than simply clicking a suspicious link.

The investigation into the hack revealed a compromised laptop belonging to a DevOps engineer, with further security breaches under investigation. Zhao directly addressed Musk's mockery, urging him to stop making jokes about the attack, citing Binance's investment in Musk's Twitter takeover as a potential source of support. Binance has promised to cover the confirmed losses, with an estimated $3 billion in frozen assets and more than $1 billion in its Secure Asset Fund for Users (SAFU).

Binance co-CEO Yi He stated that the company's annual revenue is sufficient to cover the losses without selling SpaceX shares.