By cryptoadmin Changpeng Zhao (CZ) has pledged 150 BNB, which is about $100,000, to help Argentine college students affected by the LIBRA crash. This contribution, made via EnHeng’s charity initiative, comes on high of their preliminary donation of $50,000 to ascertain a aid fund.
The help mechanism goals to handle the monetary losses incurred by scholar traders who had been impacted by President Milei’s help, whereas highlighting the pressing want for higher cryptocurrency schooling and investor safety measures. In line with EnHeng, victims of the LIBRA token incident can apply for monetary help via a easy utility course of. They need to present the title of the academic establishment, main, scholar ID quantity (optionally available), and a transparent photograph of the coed ID for identification verification.
Following the collapse of the LIBRA token after Argentine President Javier MILEI endorsed it on social media, a aid fund was arrange for victims who suffered monetary losses because of the incident. The token initially surged in worth following Milei’s promotion, however then plummeted by over 94% inside a couple of hours, resulting in accusations of market manipulation and a “rug pull” state of affairs.
Picture: freepik
Designed by Freepik