- BNB is trading at $695.81 — down 6.37% in 24 hours — following reports of a $6.3 billion Binance hack
- CZ reportedly asked Elon Musk to stop trolling, citing Binance's SpaceX position worth over $1 billion per The Kobeissi Letter
- Hack has NOT been confirmed by @binance, @cz_binance, or @elonmusk as of publication — no on-chain evidence published yet
Binance has reportedly been hacked for $6.3 billion, according to a post from The Kobeissi Letter on X — one of the largest alleged security breaches in crypto exchange history. The report also surfaces a notable detail: Binance founder Changpeng Zhao (CZ) publicly asked Elon Musk to “please stop trolling” in the aftermath, while simultaneously referencing Binance’s position in SpaceX shares ($SPCX), which CZ states is currently worth over $1 billion.
BNB, Binance’s native token, is trading at approximately $695.81 at the time of writing — down 6.37% in the past 24 hours — with $3.09 billion in 24-hour volume and a market cap of approximately $91.5 billion. The price move is consistent with the scale of the alleged incident, should it be confirmed.
What Has Been Reported
The Kobeissi Letter, a widely followed financial commentary account on X, posted the breaking claim citing a $6.3 billion hack of Binance and the unusual public exchange between CZ and Elon Musk. CZ’s message reportedly referenced Binance’s $500 million investment made during Twitter’s takeover, with the resulting SpaceX exposure now valued above $1 billion — an apparent attempt to call on Musk for support rather than ridicule during an active crisis.
This would rank among the largest exchange hacks ever recorded. For context, crypto losses have already hit $9 billion in 2026 across 750 incidents — up 133% from 2025 — making any nine-figure breach significant, let alone one at this scale.
What to Watch
The immediate signals to monitor: an official post from @binance or @cz_binance confirming or denying the breach; any freeze or suspension of withdrawals on the Binance platform; and on-chain evidence of large unauthorized outflows from Binance’s known cold and hot wallets. The crypto industry has seen large-scale institutional losses before — single-event collapses can move markets far beyond the initial headline number.
BNB’s 6.37% drop suggests the market is already pricing in meaningful risk. Whether that reaction deepens or reverses will depend entirely on what Binance confirms in the hours ahead.
This is a developing story. CoinsProbe will update as official statements are issued.
Source: x.com
Frequently Asked Questions
Has Binance officially confirmed the $6.3 billion hack?
What is Binance’s $SPCX position and why is CZ mentioning it?
How would a $6.3 billion hack compare to previous exchange breaches?
Source: Kobeissiletter · Published by CoinsProbe Markets Desk
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