YEREVAN (CoinChapter.com) — Changpeng Zhao (CZ), the former CEO of Binance, has received a large volume of crypto donations after sending 150 BNB to victims of Test (TST) and Broccoli meme coin losses. While he clarified that his donations do not serve as an endorsement of any token, he pledged to redistribute all received funds, keeping none of them.
CZ’s Crypto Donations Grow Beyond Initial BNB Contribution. Source: BscScanThe situation follows his earlier support for investors impacted by the Libra (LIBRA) token collapse. Crypto users sent him more than he initially contributed, and he confirmed that he would not retain any of the funds.
Crypto Trader Initiates Donation for LIBRA Losses
On Feb․ 15, a university student known as EnHeng announced that he would donate $50,000 in Binance Coin (BNB) to those who suffered losses from LIBRA. The meme coin, linked to Argentine President Javier Milei, lost 90% of its value after its liquidity was drained.
Crypto Donations for LIBRA Rug Pull Victims Led by EnHeng. Source: EnHeng456As a university student himself, EnHeng explained that he understood how devastating a rug pull could be. He encouraged others to contribute to the Binance Smart Chain (BSC) wallet he provided, stating that although all victims could apply, college students would be the priority.
CZ Transfers 150 BNB and Shares Transaction Proof
After seeing EnHeng’s post, CZ donated 150 BNB, worth approximately $100,000. He publicly confirmed the transaction on Feb․ 18, sharing a BscScan link as proof.
CZ Transfers 150 BNB to Support LIBRA Victims. Source: XShortly after his post, crypto users began sending him additional tokens. Within a day, the wallet balance surpassed the amount he initially donated.
CZ Wallet Receives More BNB and Tokens Than Expected
Within 24 hours, the wallet held 161 BNB. By the latest update, BscScan data showed a balance of at least 369 BNB, valued at $243,000. The address also received over 100 other tokens worth more than $543,000. These included tokens like Wrapped BNB (WBNB), Cat (CAT), Chengpang Zhoa (ZHOA), CZ’s DOG (Broccoli), Build on BNB (BOB), Binance-Peg BTCB Token (BTCB), and Trust Wallet (TWT).
At the time of reporting, more than 25 pending transactions were still waiting to be processed, with users continuing to send crypto.
Binance’s CZ Confirms He Will Keep None of the Tokens
As funds kept arriving, CZ made it clear that he would not hold onto any of them. He addressed the situation, stating that when people try to make quick money, they often lose, but when they give it away, more comes back. He emphasized that he would not retain even a satoshi of the donated assets.
Meanwhile, multiple Broccoli meme coins inspired by CZ’s dog have seen their liquidity removed. Test (TST) has also dropped 85% from its peak in just ten days.
TST Price Decline Against USDT Following Market Drop. Source: TradingViewThe post Binance Co-Founder CZ Donates BNB and Other Crypto appeared first on Coinchapter.
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