#MileiMemeCoinControversy Binance Founder CZ to Donate 150 BNB to LIBRA Memecoin Scam Victims

#CZBİNANCE’s move came in response to a college student named EnHeng announcing his plan to donate $$ 50,000 and raise additional funds to help victims.

Deeply impacted by the fallout from the scam, EnHeng shared their plan on X, explaining why they chose to donate $$ 50,000 and set up 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 pledged 150 BNB, or nearly $$ 100,000 to help support the victims. In his follow-up comment to another X user’s tweet, CZ mentioned that he simply wanted to follow the college student’s example.

The LIBRA memecoin scam began when Argentine President Javier Milei gave his support, which caused the cryptocurrency’s value to skyrocket. However, the coin’s value quickly plummeted, resulting in massive losses for thousands of investors. According to reports, the#librascam affected over 40,000 people and caused losses of up to $$ 4.4 billion.

Following the collapse, President Milei was accused of “treason” by Hayden Mark Davis, one of the key figures behind LIBRA. President Milei allegedly allowed the panic sell-off by withdrawing support for the memecoin. Argentine lawyers responded by accusing Milei of “fraud,” “criminal association,” and “failure to perform public functions” in connection with the promotion of LIBRA.

Due to the incident, political tensions have risen, and opposition leaders are demanding that President Milei be charged.