Binance Co-Founder Zhao Urges Musk to Cease Trolling Following $6.3 Billion Hack

OPA WIRE, Oct 30 (OPA) — Binance co-founder Changpeng Zhao issued a public appeal to Elon Musk on Tuesday, asking the billionaire to cease his social media commentary regarding the exchange. The request follows a catastrophic $6.3 billion hack that has destabilized the platform’s operations and drawn intense scrutiny from global regulators.

Zhao specifically referenced Binance’s investment of more than $1 billion in SpaceX, suggesting that Musk’s public remarks are counterproductive to their shared business interests. The co-founder characterized the timing of the online criticism as inappropriate given the severity of the ongoing security crisis.

Security analysts are currently working to trace the stolen funds, which represent one of the largest digital asset thefts in history. The breach has triggered a wave of panic across cryptocurrency markets, leading to a sharp decline in trading volume and increased pressure on Binance to improve its internal security protocols.

While Musk has not issued a formal response to Zhao’s request, the exchange remains under heavy pressure to stabilize its assets. The incident serves as a significant challenge for the platform as it navigates both the technical recovery process and the resulting reputational damage in the global financial sector.