CZ Burns Millions Worth of Tokens, Encourages No Further Transfers

Binance founder Changpeng Zhao (CZ) has taken action by burning millions of tokens from his personal address, a move aimed at permanently removing assets from circulation. CZ confirmed the transfers on X (formerly Twitter), revealing they involved tokens valued in the six or seven-figure range. He emphasized that while some AI tools automate this process, security reviews are still pending before completing all remaining transfers. 💰 🚫 CZ issued a clear message to others: ‘Please do not send more tokens to this address expecting any interaction.’