Binance Confirms $500 Million Investment in Elon Musk Twitter Takeover
Source: AdobeStock / Ascannio Major crypto exchange Binance has put half a billion US dollars towards Tesla chief Elon Musk’s Twitter takeover. Responding to reports about the exchange possibly still backing the much-discussed Twitter deal, Binance CEO Changpeng 'CZ' Zhao tweeted today (UTC time): "Our intern says we wired the $500 million 2 days ago, probably just as I was being asked about Elon/Twitter." CZ was referring to a question asked in Saudi Arabia, where he was attending a conference, about whether he'd stand by the financial commitment to Musk. According to Bloomberg's report on Tuesday, the CEO replied, "I think so." CZ further commented on the deal in his tweets yesterday, with some well-known players in the industry supporting the deal as well, such as crypto-asset trader and Blockroots founder Josh Rager. Bloomberg quoted CZ as saying that, “We aim to play a role in bringing social media and Web3 together in o...