I could read "between the lines" easily, but this one I struggled to see at all.
I think it's clever because I found it easier to read if rather looking for the normal letter shape I just learnt what the new shape looked like. I.e. "T" is two long vertical lines that don't quite extend all the way up, and "0" looks a little like an "X", whilst "X" looks a little like an "O". From there I can start to make sense of it.