Binance co-founder Changpeng Zhao (CZ) supported the initiative of a college student named EnHeng, who announced his intention to donate $50 thousand and raise additional funds to help to those affected by the collapse of the LIBRA memo.
EnHeng shared his story on Platform X, explaining that such scams can have serious emotional and financial consequences, especially for students. He also set up a BSC address to collect donations. After CZ found out about the initiative, he retweeted the post and donated 150 BNB, which is approximately $100 thousand.
The story of the LIBRA memcoin has become one of the biggest cryptocurrency scams of recent times. The project was supported by Argentine President Javier Milei with posts on social media. After that, the token grew by 3223%, but a few hours later it collapsed by 90%, and Milei deleted his post and blamed the opposition.
It is estimated that about 40 thousand investors in LIBRA suffered losses of about $4.4 billion. Hayden Mark Davis, one of the key figures in the project, accused the president of «treason» because Miley’s deletion of the post only complicated the situation and caused panic selling.
Argentine lawyers accused Milea of fraud and improper performance of official duties. The opposition is already demanding impeachment, claiming that support for LIBRA could be a «pump-and-dump» scheme to manipulate the market.
In addition, Bubblemaps analysts found The connection between LIBRA and MELANIA: they are both from the same team. The same people are associated with other tokens: TRUST, KACY, VIBES, and HOOD. All of these coins did not live long.
By the way, as it turned out, US President Donald Trump himself, absolutely does not know the details about the TRUMP token.