Elon Musk Mocks Binance After Record Crypto Heist

aftonbladet.se (Swedish) —

Elon Musk mocked Binance on X after the crypto exchange suffered the largest theft in cryptocurrency history, prompting founder Changpeng Zhao to publicly ask him to stop. Hackers stole assets worth 62 billion Swedish kronor overnight Thursday, with analysts TRM Labs and Chainalysis blaming North Korean hackers. Zhao responded to Musk's grimacing emoji by noting Binance's SpaceX shares are worth over one billion dollars and requesting support. Binance has frozen about 30 billion dollars in stolen assets and paid 90 percent of the losses from its own funds, stating users will not bear the cost. The breach is under investigation, with a developer's laptop suspected as the entry point.


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