New York Times: It was a surreal situation made even more surreal by the actions of Binance’s founder, Changpeng Zhao, who spent the evening narrating the events to his 12.9 million followers on X. He posted prayer hand emojis, publicly jousted with the site’s owner, Elon Musk, and insisted that “user funds are SAFU” — using a bit of crypto slang to reassure customers that hundreds of millions of dollars in deposits would not simply vanish into thin air.
“It hurts, but we will survive,” Mr. Zhao declared…
$6.3bn in 30 minutes: how the world’s biggest heist unfolded