According to the article, Binance suffered the largest hack in its history on October 29, after which Changpeng Zhao sought to reassure its 325 million users that their funds were secure. Elon Musk then responded to the former executive’s statements with mocking emojis, triggering a public confrontation between the two billionaires. Zhao reminded him that his $500 million investment in the Twitter acquisition, later renamed X, was now worth more than $1 billion in SpaceX shares. Binance’s current CEO then said the platform’s annual revenue was sufficient to cover the losses without selling those shares.
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