Quick Facts:
- CZ donates 150 BNB ($100,000) to aid Argentine students affected by the $LIBRA token collapse.
- EnHeng had initially donated $50,000, raising the total relief fund to $150,000.
- Students must submit proof of investment and a brief incident report to claim assistance.
- Contributions are accepted through a Binance Smart Chain (BSC) address for transparency.
Following the $LIBRA token collapse, which wiped out over 94% of its value after Argentine President Javier Milei’s endorsement, Binance founder Zhao Changpeng (CZ) has pledged 150 BNB (approximately $100,000) to assist affected Argentine students. The donation, made through EnHeng’s charitable initiative, adds to an existing $50,000 relief fund, bringing the total fund to $150,000.
This initiative aims to support student investors who suffered losses while emphasizing the need for better crypto education and investor protection measures. The claims process will require students to submit proof of investment and a brief incident account, with contributions accepted via a Binance Smart Chain (BSC) address for transparency.
EnHeng and CZ Launch Relief Initiative for $LIBRA Token Victims
EnHeng, a prominent crypto influencer, has pledged $50,000 to support victims of the $LIBRA token collapse, with an additional 150 BNB ($100,000) from CZ. The initiative prioritizes affected student investors, with a Binance Smart Chain (BSC) address open for further contributions.
The claims process requires students to submit their school name, major, and student ID (photo optional) alongside their wallet address and loss details. Non-student victims can bypass student verification but must still provide transaction proof.
Victims can earn additional compensation by sharing their experiences publicly to raise awareness. The initiative emphasizes transparency and aims to foster responsible crypto investment practices.
Further Contributions are being accepted via a Binance Smart Chain (BSC) address provided by the initiative. The efforts aim to draw in as many supporters and contributors as possible, into the scheme to support those impacted by the LIBRA token fallout.
$LIBRA Token Fallout and Further Implications
The details of the Memecoin drama have intensified with more details coming to the fore in the last 24 hours. Blockchain analytics platform Bubblemaps has identified possible ties between the teams behind the $LIBRA and $MELANIA meme coins, alleging a single entity is behind both projects. Their on-chain analysis found that wallets linked to the $MELANIA creator were involved in $LIBRA token sniping and profit-taking, suggesting coordinated liquidity manipulation to drive and exploit price surges.
The $LIBRA token collapse has sparked a political scandal for Argentine President Javier Milei, whose endorsement of the token preceded its rapid value crash. In response to mounting public backlash, Milei’s administration announced an official investigation into the token’s launch to assess whether his involvement misled investors and contributed to market instability.
