Binens’s founder Changpeng Jhao has announced a plan to donate additional funds to the victims of TST and Broccoli Memcoin, who add Libra victims to their previous donations.
After receiving more benance coin (BNB) than donating to the victims of Libra token collapse, CZ revealed on 19 February that he would donate more funds to investors who lost money on TST and Broccoli mems Was.
To help people affected by the failure of Libra tokens, CZ first gave 150 BNB, or approximately $ 100,000. It was after being inspired by a university student who donated $ 50,000 of his money to help the victims.
But immediately after paying themselves, the wallet of CZ was credited with more BNB and other tokens than before. Recognizing the sudden growth, CZ said that it would give money to other affected people instead of keeping it for himself. “I will not keep a satoshi of it,” he posted on X, promising to donate to the victims, who lost money on Broccoli and TST Memcoin.
When Argentina President Xavier Mili promoted X, the Libra token dispute came to light, which increased its value. Nevertheless, investors suffered massive damage as the token suddenly crashed. It has been reported that around 40,000 people were affected. On the other hand, Brokoli and TST were directly connected to the online personality of CZ.
After mentioning a test token in a directive post, a speculative meme currency called TST was created. TST has later lost more than half of its value, resulting in heavy losses for investors.
Similarly, the tokens which were named after their dogs, broccoli had a decline of dramatic value after rapid price increase. Following these recent controversies, CZ has carried forward its participation in community-operated recovery efforts.
Although CZ resigned as the CEO of Binens, he continues to have a significant impact in the cryptocurrency space. His ongoing contribution shows uncertainty of Memcoin markets, causing a loss of millions of dollars in recent weeks.
