wu fan|11月 01, 2026 06:53
Elon Musk mocked Changpeng Zhao (Zhao's real name) because Zhao had just posted the day before about the dangers of cryptocurrency theft. The very next day, Binance suffered a major security incident, losing billions of dollars in cryptocurrencies. Zhao replied to Musk on Twitter, saying it wasn't the time for mockery and hoping Musk would stop. Musk didn't stop, continuing his mockery with an emoji. Zhao then replied, mentioning his $1 billion stake in SpaceX, a statement that carried a hint of threat but also a desire to de-escalate the conflict. Then, He Yi joined in, saying Binance's revenue could cover the losses, eliminating the need to sell SpaceX. X Stock
Men are inherently aggressive towards each other. The world's richest man and the richest Chinese man exchanged a few words, and Musk completely ignored him. Some people think Zhao Changpeng is inherently insecure, while others think Musk's actions were unethical. I think this conflict might have stemmed from Musk shouting "doge," and then Binance released a clone of Dogecoin to intercept funds, causing Dogecoin to plummet. You used unscrupulous methods to affect someone's interests back then, and now they're mocking you, so you're retaliating.
Objectively speaking, Binance's SpaceX-related equity came from a $500 million investment by Binance when Musk wanted to privatize Twitter. At that time, Musk sold Tesla stock to raise funds for the acquisition, causing Tesla's market capitalization to drop from $1 trillion to $380 billion, a 60% pullback from its peak. During that period, Musk's fundraising environment was very poor, and there weren't many investors willing to invest. Zhao Changpeng's willingness to invest at that time was partly due to investment profit considerations and partly to support him. This investment subsequently appreciated in value. This is the result of support.
There's a layer of human relationships involved in business logic. If a hundred people are willing to buy a high-quality equity stake, but the other party chooses to give it to you, it can be understood as the other party showing goodwill in the first place. Even if the asset price falls later, the fact remains that they were willing to lend a helping hand. From the perspective of Chinese human relationships, Musk's mockery does seem cold-hearted.
But it also makes sense from another angle. Many people don't have a good impression of Zhao Changpeng, and Musk has abundant financial resources. There's no need to rely on Zhao Changpeng. Adding to this the dramatic contrast—one day he's loudly promoting asset security, the next day the platform reports a large-scale theft—it's easy to make fun of him. Coupled with the previous Dogecoin incident, being ridiculed isn't a big deal in itself.
Some commented, "Zhao Changpeng's reaction is inconsistent. He appears weak and easily bullied when facing Musk, but his attitude is completely different when interacting with Sun Yuchen. Some say this behavior shows he's a coward. A Douyin expert commented: 'Zhao Changpeng is the Yue Buqun of the crypto world '"
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