Binance founder CZ donates to Libra memecoin scam victims

Changpeng Zhao (CZ), the founder of Binance, promised to donate 150 BNB, or about $ 100,000, to the victims of the same scale scam as a gesture of support.

CZ’s action came in response to a student named improving the improvement of his donation plan of $ 50,000 and collecting additional funds to help the victims.

Deeply affected by the consequences of the scam, Moineng shared his plan on X, explaining why they had chosen to donate $ 50,000 and establish a BSC address to accept other donations. They recognized that such events, especially for students, can be exhausted emotionally and financially.

After hearing about Opengeng’s efforts, CZ, renowned for helping the cryptocurrency community retweeted the post. He then initiated 150 BNB, or nearly $ 100,000 to help support the victims. In his follow -up comment to a tweet by another X user, CZ mentioned that he simply wanted to follow the example of the university student.

The samecoin balance hoax began when Argentinian president Javier Milei gave his approval, which caused the value of the cryptocurrency. However, the value of the room quickly fell, causing massive losses for thousands of investors. According to reports, the balance scam assigned more than 40,000 people and caused losses up to $ 4.4 billion.

After the collapse, President Milei was accused of “betrayal” by Hayden Mark Davis, one of the main figures behind Balance. It would be allegedly, President Milei authorized the sale of panic by withdrawing support from the same. Argentinian lawyers responded by accusing Milei of “Fraud”, “Criminal Association” and “Non-exercise in the exercise of public tasks” as part of the promotion of the balance.

Due to the incident, political tensions have increased and opposition leaders demand that President Milei be charged. Some say that his balance support is a pump tactic and left manipulate market price for its own advantage.