'Bad time to troll': Binance cofounder Changpeng Zhao asks Elon Musk for 'respect' after post about bitcoin hack

The cofounder and former CEO of Binance asked Elon Musk not to "troll" the company on Friday and instead "show some support" after the SpaceX CEO appeared to mock the embattled cryptocurrency exchange in a series of social media posts. After learning the world's largest crypto exchange had been hit by a $6.3 billion hack late Thursday, Musk posted several emojis, ranging from laughing to grimacing, on X. In response, Changpeng Zhao reminded the SpaceX and Tesla CEO of Binance's equity stake in Musk's businesses. Binance’s SpaceX stake, which stems from an earlier investment in what was then-Twitter, is worth more than $1 billion, Zhao said. That's a tiny fraction of SpaceX's roughly $2 trillion valuation.