{"id":36746,"date":"2025-02-17T16:00:02","date_gmt":"2025-02-17T13:00:02","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=36746"},"modified":"2025-02-17T15:06:08","modified_gmt":"2025-02-17T12:06:08","slug":"cz-donates-150-bnb-to-libra-coin-scam-victims","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/cz-donates-150-bnb-to-libra-coin-scam-victims\/","title":{"rendered":"CZ Donates 150 BNB to LIBRA Coin Scam Victims"},"content":{"rendered":"<p data-start=\"0\" data-end=\"82\"><strong>Binance founder Changpeng Zhao (CZ)<\/strong> donates <strong>150 BNB (approximately $100,000)<\/strong> in support of <a href=\"https:\/\/coinengineer.net\/blog\/milei-approved-libra-token-was-actually-known-in-advance\/\"><strong>LIBRA memecoin<\/strong><\/a> scam victims.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/cz-donates-150-bnb-to-libra-coin-scam-victims\/#CZ_Donates_150_BNB_to_LIBRA_Scam_Victims\" title=\"CZ Donates 150 BNB to LIBRA Scam Victims\">CZ Donates 150 BNB to LIBRA Scam Victims<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/cz-donates-150-bnb-to-libra-coin-scam-victims\/#EnHengs_Initiative_Inspires_CZ\" title=\"EnHeng\u2019s Initiative Inspires CZ\">EnHeng\u2019s Initiative Inspires CZ<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/cz-donates-150-bnb-to-libra-coin-scam-victims\/#The_LIBRA_Memecoin_Scam_and_Its_Consequences\" title=\"The LIBRA Memecoin Scam and Its Consequences\">The LIBRA Memecoin Scam and Its Consequences<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/cz-donates-150-bnb-to-libra-coin-scam-victims\/#Legal_and_Political_Consequences\" title=\"Legal and Political Consequences\">Legal and Political Consequences<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"0\" data-end=\"82\"><span class=\"ez-toc-section\" id=\"CZ_Donates_150_BNB_to_LIBRA_Scam_Victims\"><\/span>CZ Donates 150 BNB to LIBRA Scam Victims<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"0\" data-end=\"82\"><strong>Binance founder Changpeng Zhao (CZ)<\/strong> announced he would <strong>donate 150 BNB, approximately $100,000,<\/strong> to support the victims of the LIBRA memecoin scam. The donation came after university student <strong>EnHeng<\/strong> <strong>pledged $50,000<\/strong> and started a fundraising campaign.<\/p>\n<p data-start=\"0\" data-end=\"82\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-148511 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/02\/milei.jpg\" alt=\"milei\" width=\"1280\" height=\"853\" \/><\/p>\n<h2 data-start=\"333\" data-end=\"364\"><span class=\"ez-toc-section\" id=\"EnHengs_Initiative_Inspires_CZ\"><\/span>EnHeng\u2019s Initiative Inspires CZ<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"366\" data-end=\"718\"><strong>EnHeng<\/strong>, a university student heavily affected by the scam, shared their $50,000 contribution and created a <strong>Binance Smart Chain (BSC)<\/strong> address for additional donations on X. They acknowledged the emotional and financial toll these scams have on young investors, especially students, many of whom were left financially devastated by the unexpected losses.<\/p>\n<p data-start=\"720\" data-end=\"1074\"><strong>CZ<\/strong>, known for his philanthropic efforts in the crypto community, retweeted<strong> EnHeng\u2019s post and donated 150 BNB<\/strong>. In a subsequent tweet, CZ expressed that he was moved by the student\u2019s generosity and simply wanted to follow their lead. This gesture significantly boosted the relief efforts and encouraged others in the crypto community to contribute as well.<\/p>\n<h2 data-start=\"1076\" data-end=\"1120\"><span class=\"ez-toc-section\" id=\"The_LIBRA_Memecoin_Scam_and_Its_Consequences\"><\/span>The LIBRA Memecoin Scam and Its Consequences<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1122\" data-end=\"1523\"><strong>The LIBRA memecoin<\/strong> scandal erupted following the endorsement of Argentine President Javier Milei, which caused the cryptocurrency\u2019s value to spike. However, the coin\u2019s value plummeted shortly thereafter, leading to substantial investor losses. Reports suggest that more than 40,000 investors lost a total of $4.4 billion. The collapse was sudden, and most investors were unable to recover their funds.<\/p>\n<h2 data-start=\"1525\" data-end=\"1557\"><span class=\"ez-toc-section\" id=\"Legal_and_Political_Consequences\"><\/span>Legal and Political Consequences<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1559\" data-end=\"1989\">Following the collapse of the coin, one of<strong> LIBRA\u2019s<\/strong> main figures, <strong>Hayden Mark Davis, accused President Milei of \u201cbetrayal,\u201d<\/strong> alleging that he allowed panic selling by withdrawing his support. Argentine lawyers later charged Milei with \u201cfraud,\u201d \u201ccriminal association,\u201d and \u201cfailure to fulfill public duties\u201d for his involvement in the incident. These accusations have prompted a tightening of cryptocurrency regulations in Argentina.<\/p>\n<p data-start=\"1991\" data-end=\"2333\">The scandal has further ignited Argentina\u2019s political turmoil, with opposition leaders calling for <strong>Milei\u2019s impeachment.<\/strong> Critics claim that his endorsement of <strong>LIBRA<\/strong> was part of a pump-and-dump scheme designed to manipulate the market for personal gain. Protests have erupted in major cities, demanding accountability from government officials.<\/p>\n<p data-start=\"2335\" data-end=\"2610\" data-is-last-node=\"\"><strong>CZ<\/strong>\u2019s actions represent a positive turn in the ongoing crisis, providing financial relief to some of the scam victims. The crypto community has responded positively, and discussions about enhancing investor protections within<strong> decentralized finance (DeFi)<\/strong> are gaining momentum.<\/p>\n<hr \/>\n<p data-start=\"2335\" data-end=\"2610\" data-is-last-node=\"\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance founder Changpeng Zhao (CZ) donates 150 BNB (approximately $100,000) in support of LIBRA memecoin scam victims. CZ Donates 150 BNB to LIBRA Scam Victims Binance founder Changpeng Zhao (CZ) announced he would donate 150 BNB, approximately $100,000, to support the victims of the LIBRA memecoin scam. The donation came after university student EnHeng pledged<\/p>\n","protected":false},"author":29,"featured_media":36748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[11794,11719,4475,11795,11793,971],"class_list":["post-36746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-150-bnb-donate","tag-binance-founder-changpeng-zhao-cz","tag-decentralized-finance-defi","tag-enheng","tag-libra-memecoin","tag-scam"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CZ Donates 150 BNB to LIBRA Coin Scam Victims - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/cz-donates-150-bnb-to-libra-coin-scam-victims\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CZ Donates 150 BNB to LIBRA Coin Scam Victims - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Binance founder Changpeng Zhao (CZ) donates 150 BNB (approximately $100,000) in support of LIBRA memecoin scam victims. CZ Donates 150 BNB to LIBRA Scam Victims Binance founder Changpeng Zhao (CZ) announced he would donate 150 BNB, approximately $100,000, to support the victims of the LIBRA memecoin scam. 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