Qiao Changpeng, co-founder of the world’s largest cryptocurrency exchange Binance, sparked controversy when he responded to Elon Musk’s joke about losing his billionaire status.
CZ also joked afterwards. joining The conversation when Elon Musk jokingly called himself a “(former) trionaire” and gave it a new definition.
Binance’s CZ, Elon Musk, says “before I got rich”
Following a post by the SpaceX founder and Dogecoin big fan making fun of the company’s recent drop below $1 trillion, CZ also joined in on the joke.
In a statement, CZ gave a different definition to Musk’s “ex-millionaire” label, saying it is a new definition of “pre-rich.”
The news that Elon Musk has lost more than $100 billion from his net worth has previously sparked pitiful debate across social circles, but recent jokes suggest that he is not bothered by the decline in his net worth at all.
CZ’s comments sparked further reaction from the crypto community, with many finding humor in the idea that someone worth hundreds of billions of dollars could say “before I got rich.”
Musk and CZ are both known for their hilarious interactions on social media, and it was this humorous comment about the huge financial losses that caused a stir in the community.
SpaceX falls despite record launch
This isn’t Musk’s first move into the billionaire’s club, but the SpaceX founder remains the world’s richest man.
His recent fall from milestone came after his aerospace company saw a notable drop in stock price despite a record IPO launch.
SpaceX accounts for the bulk of his wealth, and the decline in its stock has been the main contributor. Elon Musk‘s current “former millionaire” status.
