CZ RESPONDS TO #ElonMusk AFTER HIS JOKE ABOUT THE BINANCE HACK.
The recent Binance hack has sparked an unexpected exchange between Elon Musk and CZ. After Musk appeared to make light of the incident, CZ replied directly, saying he respects Elon but felt it was the wrong time to troll.
#CZ also reminded him of Binance's $500 million investment in Twitter's takeover, adding that the SPCX shares received through that investment are now worth more than $1 billion. He ended by asking Elon to show a little support during this difficult moment.
CZ later shared his rough calculation of Binance's financial position:
Total hack-related losses: $6 billion+
Funds frozen: Around $3 billion
SAFU Fund: Around $1 billion+
Remaining gap: Approximately $2 billion
$SPCX shares held by Binance: More than $1 billion in value
According to CZ, the remaining shortfall is still painful, but manageable. From a massive security incident to a public exchange with Elon, the Binance story continues to unfold.
The recent Binance hack has sparked an unexpected exchange between Elon Musk and CZ. After Musk appeared to make light of the incident, CZ replied directly, saying he respects Elon but felt it was the wrong time to troll.
#CZ also reminded him of Binance's $500 million investment in Twitter's takeover, adding that the SPCX shares received through that investment are now worth more than $1 billion. He ended by asking Elon to show a little support during this difficult moment.
CZ later shared his rough calculation of Binance's financial position:
Total hack-related losses: $6 billion+
Funds frozen: Around $3 billion
SAFU Fund: Around $1 billion+
Remaining gap: Approximately $2 billion
$SPCX shares held by Binance: More than $1 billion in value
According to CZ, the remaining shortfall is still painful, but manageable. From a massive security incident to a public exchange with Elon, the Binance story continues to unfold.
