🚨🚨LIBRA MEMECOIN SCAM /. CZ donate 150 BNB 👍👍
Changpeng Zhao (CZ), the founder of Binance, pledged 150 BNB (approximately $100,000) to aid victims of the LIBRA memecoin scam after college student EnHeng announced a $50,000 donation campaign.
Deeply affected by the scam's fallout, EnHeng shared their fundraising initiative on X, highlighting the emotional and financial strain on victims, particularly fellow students. CZ, known for his support of the cryptocurrency community, responded by retweeting EnHeng and committing to donate.
The LIBRA memecoin scam was initiated when Argentine President Javier Milei endorsed the coin, causing its value to rise sharply before plummeting, leading to substantial losses for over 40,000 investors totaling approximately $4.4 billion. Following this collapse, Milei faced accusations of betrayal from Hayden Mark Davis, a key figure behind LIBRA, for allegedly facilitating panic selling by retracting support.
As a result, Argentine attorneys have accused Milei of fraud, criminal association, and neglect of public duties, escalating political tensions and prompting calls from opposition leaders for his impeachment. Critics allege that his promotion of LIBRA was a manipulative scheme to inflate prices for personal gain.
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