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Zhao Urges Musk to Stop Mocking Binance After Hack

By Drooid · · How we work

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  • Changpeng Zhao asked Elon Musk to stop mocking Binance after the $6.3 billion hack.
  • TRM Labs attributed the hack, which stole 167,464 ether and 1.6 billion Tether, to North Korean group TraderTraitor.
  • Law enforcement and stablecoin issuers Tether and Circle froze roughly $3 billion of the stolen assets.
  • Binance pledged to cover all losses with its Secure Asset Fund and said revenue removes need to sell SpaceX shares.