cryptotitans
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Binance Founder CZ Donates 150 BNB to Victims of LIBRA Memecoin Scam
The #CZBİNANCE movement came in response to a college student named EnHeng announcing his plan to donate $50,000 and raise additional funds to help victims.
Deeply affected by the aftermath of the scam, EnHeng shared his plan on X, explaining why he chose to donate $50,000 and create a BSC address to accept more donations. They acknowledged that such events, especially for college students, can be emotionally and financially draining.
After hearing about EnHeng’s efforts, CZ, who is known for helping the crypto community, retweeted the post. He then pledged 150 BNB, or roughly $100,000, to help support victims. In his follow-up comment to a tweet from another X user, CZ stated that he simply wanted to follow the college student’s example.
The Libra memecoin scam began when Argentine President Javier Milei gave his endorsement, causing the cryptocurrency’s value to skyrocket. However, the value of the coin quickly plummeted, resulting in huge losses for thousands of investors. According to reports, the Libra scam affected over 40,000 people and caused losses of up to $4.4 billion.
Following the collapse, Hayden Mark Davis, one of the key figures behind Libra, accused President Milei of “treason.” President Milei allegedly allowed the panic selling by withdrawing his support for the memecoin. .
The #CZBİNANCE movement came in response to a college student named EnHeng announcing his plan to donate $50,000 and raise additional funds to help victims.
Deeply affected by the aftermath of the scam, EnHeng shared his plan on X, explaining why he chose to donate $50,000 and create a BSC address to accept more donations. They acknowledged that such events, especially for college students, can be emotionally and financially draining.
After hearing about EnHeng’s efforts, CZ, who is known for helping the crypto community, retweeted the post. He then pledged 150 BNB, or roughly $100,000, to help support victims. In his follow-up comment to a tweet from another X user, CZ stated that he simply wanted to follow the college student’s example.
The Libra memecoin scam began when Argentine President Javier Milei gave his endorsement, causing the cryptocurrency’s value to skyrocket. However, the value of the coin quickly plummeted, resulting in huge losses for thousands of investors. According to reports, the Libra scam affected over 40,000 people and caused losses of up to $4.4 billion.
Following the collapse, Hayden Mark Davis, one of the key figures behind Libra, accused President Milei of “treason.” President Milei allegedly allowed the panic selling by withdrawing his support for the memecoin. .
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