CZ clarifies he did not threaten Musk with “money,” emphasizing that holding SPCX shares was only meant to show that he has sufficient funds
On October 31, Binance founder CZ tweeted a clarification after some people interpreted his earlier remarks to Musk as “threatening him with money.” CZ said this was an overinterpretation. He mentioned holding SPCX shares only because someone had compared it with FTX during the discussion, possibly implying that Binance lacked sufficient funds—which was not the case. He simply wanted to show that Binance holds assets beyond cryptocurrencies, and that these are in a field familiar to Musk.
CZ emphasized: “I never threaten anyone. This is one of the core principles I’ve also written about in my book.” He added that Binance’s stake was just “a drop in the ocean” to them and could not possibly constitute a threat. He also said he believes SPCX will be one of the quality stocks worth holding for the long term.
On October 31, Binance founder CZ tweeted a clarification after some people interpreted his earlier remarks to Musk as “threatening him with money.” CZ said this was an overinterpretation. He mentioned holding SPCX shares only because someone had compared it with FTX during the discussion, possibly implying that Binance lacked sufficient funds—which was not the case. He simply wanted to show that Binance holds assets beyond cryptocurrencies, and that these are in a field familiar to Musk.
CZ emphasized: “I never threaten anyone. This is one of the core principles I’ve also written about in my book.” He added that Binance’s stake was just “a drop in the ocean” to them and could not possibly constitute a threat. He also said he believes SPCX will be one of the quality stocks worth holding for the long term.