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🤣 CZ reminds Elon Musk of Binance’s $500 million investment in Twitter!

Changpeng Zhao (CZ), founder of Binance, asked Elon Musk to stop mocking the platform’s hacking crisis, pointing to Binance’s previous $500 million investment in Musk’s Twitter acquisition deal.

CZ explained that the investment stake associated with SpaceX (SPCX) is now worth over $1 billion, urging Musk to show some support instead of making fun of the situation.

For her part, Yi He, Binance co-founder, confirmed that the company’s annual revenue is enough to cover the losses, noting that the platform does not currently need to sell its stake in SpaceX.

📌 Takeaway: Binance says it has sufficient financial resources to handle the fallout from the crisis without having to liquidate its SpaceX investment.

Source: Statements by CZ and Yi He on X.

#Binance #CZ #ElonMusk #SpaceX #Crypto #NoxVest

🚨 From stealing 185 Bitcoin to prison… the end of ill-gotten riches!

🇨🇦 A U.S. federal court sentenced 20-year-old Canadian Trenton Johnston to 25 months in prison after he pleaded guilty to conspiring to launder money linked to cryptocurrency scams.

💰 How did it happen?

- He impersonated technical support staff from Google and cryptocurrency companies.
- He tricked victims into revealing access codes to their digital wallets.
- Along with his accomplices, he stole 185 Bitcoin, worth around $13 million at the time of the theft.

🏎️ From cryptocurrency to the high life!

According to reports, he spent the money on a Lamborghini Aventador SVJ, two BMWs, luxury jewelry, private jet rentals, and parties in Miami.

💬 That wasn’t all: he bragged about his schemes in emails, and a witness said he demonstrated his methods on Discord.

🚔 The case came to light after a Rolls-Royce Cullinan was pulled over in North Miami, leading to a wider investigation.

⚖️ Johnston was convicted of conspiring to launder money and surrendered around $3.8 million in cryptocurrency after his arrest. He is expected to be deported to Canada once the legal proceedings are over.

🔐 The lesson: Never share your wallet’s secret phrase (Seed Phrase) or verification codes with anyone claiming to be a tech support representative, no matter how convincing they seem.

#Bitcoin #CryptoSecurity #CryptoNews #NoxVest