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Archived story · published October 30, 2026. Coverage reflects reporting at the time. See today's brief

Crypto · October 30, 2026

Elon Musk, CZ Trade Blows Over SpaceX Shares After $6.4B Binance Hack

4 sources →

Following a major security breach at Binance, co-founder Changpeng Zhao requested that Elon Musk cease "trolling" the cryptocurrency exchange.

Read the original coverage

Hype check

How the hype check works

Confirmed · 0

Backed by filings, on-chain data, official statements or several independent publishers.

  • None identified.

Claimed · 2

Said by a company, project or person; not yet independently confirmed.

  • Binance's annual revenue is sufficient to cover the hack losses without selling assets. (Yi He)
  • The hack was carried out by the North Korean group TraderTraitor. (TRM Labs and Chainalysis)

Speculation · 0

Price talk, forecasts or unnamed sources, quoted as someone else's view.

  • None identified.

Reported by multiple outlets

  • Binance suffered a hack reported by multiple outlets at roughly $6.3 billion
  • Changpeng Zhao asked Elon Musk to stop trolling following the hack
  • Elon Musk responded to the hack on X with various emojis
  • The hack occurred on a Thursday evening and Zhao's response was on a Friday

Reported by only some outlets

  • Binance co-CEO Yi He stated company revenue is sufficient to cover losses without selling SpaceX shares, as reported by Decrypt
  • TRM Labs and Chainalysis attributed the attack to the North Korea-linked group TraderTraitor, as reported by Decrypt

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