'Our SpaceX shares are worth more than a bn': Binance's CZ responds to Musk's trolling as hack investigation continues
New Delhi, Oct. 31 -- Changpeng Zhao, the co-founder of Binance, has said that he would appreciate some support from Tesla CEO Elon Musk, who had been mocking the crypto exchange ever since the news of the massive hack became public.
It all began with Zhao, who also goes by the name CZ, responding to a post on X, which read, "Binance has 144bn of assets under custody, with USDT and USDC frozen the total loss now is around ~1bn, which is only 0.69% of their total assets under custody. They'll cover it from balance sheet easily."
Responding to the post, CZ said, "Loss might be a bit higher than that, but will cover." In response, another X user posted a screenshot of a post by FTX founder Sam Bankman-Fried, in which he assured that the cr...
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