Elon Musk says everyday is zeroday after suspected Binance hack
The Tesla chief executive commented on security risks as Tether froze $971 million in assets linked to suspicious activity on the exchange.
Key takeaways
- 1Elon Musk stated "everyday is zeroday" following reports of a Binance hack.
- 2Tether froze $971 million in USDT linked to the suspicious onchain activity.
Elon Musk said "everyday is zeroday" on 29 October following reports of a suspected security breach at the cryptocurrency exchange Binance. The comment appeared after onchain data flagged suspicious activity on the platform earlier that day.
Watcher Guru reported the statement from the SpaceX and Tesla chief executive. The term refers to zero-day vulnerabilities, which are software flaws unknown to the developers that hackers can exploit before a fix is created.
Tether froze $971 million in USDT linked to the suspected hack on 29 October, according to YourKhabri data. Binance has not yet confirmed whether a security breach occurred. Tether currently has a market capitalisation of $180.9 billion.
Investors are waiting for an official confirmation or denial from Binance regarding the flagged transactions. Musk’s comments follow a warning he gave on 27 October about the consolidation of "neocloud" companies after SpaceX raised $40 billion for AI hardware.
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Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.