💰Changpeng Zhao (CZ) pledges 150 BNB to aid students who lost funds in the LIBRA token collapse. A relief fund is now available for financial assistance.
CZ Supports Students Affected by LIBRA Token Crash
Changpeng Zhao (CZ), the former Binance CEO, has donated 150 BNB (~$100,000) to help Argentine students impacted by the LIBRA token collapse. This contribution, made through EnHeng’s charity initiative, follows an earlier $50,000 donation to establish a relief fund.
The fund aims to compensate student investors who suffered losses after President Javier Milei promoted the token. The incident has reignited discussions on the need for stronger crypto education and investor protection.
How Students Can Apply for Financial Aid
EnHeng has set up a simple application process for affected students. To qualify, applicants must provide:
✅ Name of their educational institution
✅ Major or field of study
✅ Student ID number (optional)
✅ A clear photo of their student ID for verification
This initiative seeks to lessen the financial burden on students while emphasizing the risks of unregulated crypto investments.
LIBRA Token Crash Sparks Market Manipulation Allegations
The LIBRA token surged in value after Milei endorsed it on social media, only to crash over 94% within hours. Investors accused the project of a “rug pull,” a scam where a token’s creators pump its price before abruptly abandoning it.
The fallout has led to fraud accusations against Milei, with legal action and investigations underway. Meanwhile, CZ’s relief fund offers a lifeline to student investors who were caught in the crash.
