Binance founder asked Elon Musk to stop trolling
Tengrinews.kz — Binance founder Changpeng Zhao has called on American billionaire Elon Musk to stop trolling following a massive cyberattack on the platform.
"Bad time to troll"
The exchange was sparked by an emoji Musk posted on X under a screenshot of an old statement by Sam Bankman-Fried, the founder of the now-bankrupt FTX exchange. In the post, Bankman-Fried had promised that the platform had sufficient funds to reimburse customer losses.
In response, Zhao urged Musk to cease the trolling.
@elonmusk @HuaweiMate6 Elon, have a lot of respect for you, but bad time to troll. Please stop. Our SPCX shares (from our $500m investment in your Twitter takeover) are worth more than a billion. Would appreciate if you show a little support. Thanks!
— CZ ???? BNB (@cz_binance) October 30, 2026
What happened to Binance
On October 29, Binance reported a massive cyberattack. According to analysis by TRM Labs, approximately $6.36 billion was drained from the platform's wallets. The attack targeted ten different blockchains, with the bulk of the funds transferred within a 20-minute window.
TRM Labs analysts linked the attack to the North Korean hacking group TraderTraitor. Binance has stated it will cover user losses. According to the company, partners have managed to freeze approximately $3 billion of the affected assets.
Who is Changpeng Zhao
Changpeng Zhao is an entrepreneur who founded Binance in 2017, which subsequently became one of the world's largest exchanges. In 2023, Zhao stepped down as CEO after pleading guilty in the US to anti-money laundering violations. In 2024, he was sentenced to four months in prison, and in October 2025, he was pardoned by US President Donald Trump.