Elon Musk and CZ Clash Over SpaceX Shares After $6.4B Binance Hack

Elon Musk and Binance co-founder Changpeng Zhao (CZ) are trading public jabs after a massive $6.4 billion hack on the crypto exchange. Musk appeared to mock the breach, prompting CZ to remind him that Binance’s $500 million investment in Musk’s Twitter takeover has grown to over $1 billion in SpaceX shares. The exchange’s stake, made through a special purpose vehicle, has become a point of leverage in the war of words between the two billionaires. The dispute highlights the fragile relationship between Musk’s business empire and the crypto sector, especially as Binance faces regulatory and security challenges. With Musk’s companies increasingly intertwined with digital assets, the fallout could affect investor confidence. Watch for whether this public friction leads to any financial or strategic shifts between the two camps.