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MainNewsChangpeng Zh...

Changpeng Zhao (CZ) Burns Nearly $4 Million in Altcoins He Didn’t Ask For


by Abdulkarim Abdulwahab
for CoinEdition
CZ Burns $3.9M+ Airdrops; Asks Devs To Stop Sending Tokens
  • CZ Binance burned millions of dollars’ worth of Broccoli, TUT, CZ’S DOG, and Mubarakah tokens.
  • The total value of the burned assets exceeds $3.9 million.
  • He warned crypto developers from sending more tokens to his address expecting interactions.

Binance founder Changpeng Zhao (CZ) has burned a significant amount of cryptocurrency assets, permanently removing over $3.9 million worth of tokens from circulation. 

According to reports, the tokens burned include 798,065 Broccoli, which is approximately $1.09 million, and 45,588,173 TUT, which is approximately $1,9 million. Others include CZ’s DOG tokens, worth $546,000, and Mubarakah tokens, worth $358,000.

The former Binance CEO had previously inquired about an easy way to burn a large variety of altcoins in his wallet on X. His wallet reportedly contains over 109 different types of tokens that cryptocurrency developers sent in an attempt to attract attention.

Following the token burn, CZ advised users against sending any additional assets to his public address. He disclosed that while new AI-driven solutions exist that could potentially automate such token burns, these tools have not yet undergone suff…

The post Changpeng Zhao (CZ) Burns Nearly $4 Million in Altcoins He Didn’t Ask For appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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MainNewsChangpeng Zh...

Changpeng Zhao (CZ) Burns Nearly $4 Million in Altcoins He Didn’t Ask For


by Abdulkarim Abdulwahab
for CoinEdition
CZ Burns $3.9M+ Airdrops; Asks Devs To Stop Sending Tokens
  • CZ Binance burned millions of dollars’ worth of Broccoli, TUT, CZ’S DOG, and Mubarakah tokens.
  • The total value of the burned assets exceeds $3.9 million.
  • He warned crypto developers from sending more tokens to his address expecting interactions.

Binance founder Changpeng Zhao (CZ) has burned a significant amount of cryptocurrency assets, permanently removing over $3.9 million worth of tokens from circulation. 

According to reports, the tokens burned include 798,065 Broccoli, which is approximately $1.09 million, and 45,588,173 TUT, which is approximately $1,9 million. Others include CZ’s DOG tokens, worth $546,000, and Mubarakah tokens, worth $358,000.

The former Binance CEO had previously inquired about an easy way to burn a large variety of altcoins in his wallet on X. His wallet reportedly contains over 109 different types of tokens that cryptocurrency developers sent in an attempt to attract attention.

Following the token burn, CZ advised users against sending any additional assets to his public address. He disclosed that while new AI-driven solutions exist that could potentially automate such token burns, these tools have not yet undergone suff…

The post Changpeng Zhao (CZ) Burns Nearly $4 Million in Altcoins He Didn’t Ask For appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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