CZ Says Binance's SPCX Stake From Twitter Deal Tops $1 Billion

CZ said Friday that Binance's $500 million investment in Elon Musk's Twitter acquisition yielded shares in the tokenized SpaceX security (SPCX) now valued at more than $1 billion. He asked Musk to stop teasing and show support.

The remarks followed an estimate from 0xngmi that Binance held about $144 billion in custody assets and had losses of about $1 billion after USDT and USDC were frozen. That estimate equaled 0.69% of the custody assets. CZ said the actual loss could be slightly higher and Binance would cover it in full.

After CZ's response, @HuaweiMate6 posted an image mocking an earlier response by SBF. Musk replied with a grimacing-face emoji.