Binance CEO Changpeng Zhao (CZ) has commented on the controversy surrounding the meme coin HAPPY-SCI, which recently destroyed $420,000 in donations, causing its market cap to plummet from $4 million to near zero. CZ expressed empathy for the affected community but emphasized the importance of respecting others' choices in a decentralized environment. CZ highlighted three key points: the necessity of accepting others' responses when approaching them, the potential distortion of charitable projects when linked to meme tokens, and the importance of maintaining integrity. He also stressed that insider trading is strictly opposed in projects he advises, and conflicts of interest should be avoided. CZ noted that while he is not fully informed about the situation, the primary issue may relate to the integrity of charitable intentions.
CZ Addresses Controversy Over HAPPY-SCI Meme Coin Donation
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