"CZ's $100K BNB Donation Sparks Crypto Chain Reaction"

Binance founder Changpeng Zhao (CZ) recently made headlines when he donated 150 BNB, worth approximately $100,000, to support victims of the LIBRA meme coin scam. The donation was initially intended to help those affected by the collapse of the controversial LIBRA coin, which wiped out more than 40,000 investors and resulted in over $4 billion in damages.

In an unexpected turn of events, CZ's decision to publicly share his donation address led to an influx of additional crypto in the same, surpassing his initial contribution. EnHeng, the college student who began raising funds to assist the victims, was moved by the devastating losses caused by the LIBRA crypto and announced their own donation of $50,000.

CZ, commenting on the situation, quipped, "When you try to make quick money, you often lose. When you give money away, you get more back." Despite the increased donations, CZ made it clear that he would not keep any of the additional funds. He clarified in his tweet, "I won’t be keeping a satoshi of it," and stated that he would donate the extra crypto to further support the victims, specifically those affected by other meme coins like TST and Broccoli.

CZ also warned his followers not to misinterpret his actions as an endorsement of the tokens involved. The LIBRA token's launch stirred controversy after Argentine President Javier Milei publicly endorsed it on his X account. The promotion caused the coin's value to surge, reaching a market cap of over $4 billion within hours of its debut.

Milei initially promoted LIBRA as a project to help fund small Argentine businesses and boost the national economy, linking it to the "Viva La Libertad" initiative. However, the excitement was short-lived, as the token crashed by over 91% just hours later, causing massive losses for investors—with some losing their life savings.

After the coin's collapse, Milei deleted his post and disavowed any involvement with the project, claiming he had been misinformed and had no knowledge of its full details. Fraud charges were filed against Milei and the team behind the token, accusing them of being complicit in a large-scale fraud scheme. On-chain analysis showed that a single entity controlled 82