Hacking News
Elon Musk Trolled Over Binance Heist
Elon Musk, in a public discussion with Binance founder Changpeng Zhao (CZ) on X, reacted to a meme comparing CZ's promises to cover losses with Sam Bankman-Fried's tweet on FTX. Musk responded with a troll, but was reminded of his own investment in SpaceX, which had grown to a $1 billion stake by October 2026. Binance founder Changpeng Zhao disclosed internal calculations showing about $3 billion of the $6.3 billion stolen from Binance wallets had been frozen, and another part covered by the SAFU reserve fund. The actual balance gap is about $2 billion, potentially covered by Musk's SpaceX stake.