CZ Declares Musk 'Pre-Rich' After Trillionaire Status Briefly Revoked

Binance's CZ stirred discussions after reacting to Elon Musk's joke about losing his trillionaire status.

CZ, co-founder of the world's largest cryptocurrency exchange Binance, gave a different definition to Musk's 'former trillionaire' label, saying it is a new definition of 'pre-rich.'

Musk's recent decline from the $1 trillion mark came after his aerospace company SpaceX saw a notable decline in its stock price despite a record IPO launch.

The comments from CZ have further stirred reactions from the crypto community, with many finding humor in the idea that someone worth hundreds of billions of dollars could be described as 'pre-rich.'