CZ burned four cryptocurrencies that he had previously acquired, with significant total values. These currencies are:
• 45.5 million coins of TUT, valued at 1.95 million dollars.
• 10 million coins of BROCCOLI, valued at half a million dollars.
• 798 million coins of BROCCOLI, valued at 1.1 million dollars.
• 180 million coins of MUBARAK, valued at 350 thousand dollars.
The process of burning cryptocurrencies is an operation in which an individual or a group of individuals permanently removes a portion of the circulating coins, thereby reducing the total supply of the currency.