CZ Tries to Help LIBRA Token Scam Victims, Ends Up with Extra Crypto

However, after sharing the donation address publicly, he ended up receiving more funds than he originally gave.

The LIBRA token, which gained attention after being promoted by Argentina’s President Javier Milei, left over 40,000 investors with losses totaling more than $4 billion.

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Seeing the impact, a college student named EnHeng started raising funds. He contributed $50,000 to the relief efforts, hoping to lessen the financial burden on affected investors.

CZ joined in by making his donation, but the response from the crypto community led to more contributions flowing into his donation address. After noticing the unexpected influx of funds, CZ posted on X:

When you try to make quick money, you often lose. When you give money away, you get more back.

Rather than keeping the extra crypto, CZ promised to donate it to support other victims of meme coin failures like Broccoli and Test Token (TST). He stated, “I won't be keeping a satoshi of it. Will donate it away”.

Despite the donations, CZ warned that his actions should not be mistaken as an endorsement of any of the tokens involved.

On February 13, the former Binance CEO caused a stir in the crypto community. What happened? Read the full story.