Changpeng Zhao, better known as CZ, responded to community discussion over reports that he sent some popular meme tokens on BSC to a burn address. According to PANews, CZ said there was nothing complicated behind the move. He explained that he had not checked that wallet for a long time and, once he opened it, found it held too many tokens — more than 10,000 — making the software display hard to use.
CZ said he raised a suggestion and later ran a test. In his view, sending the tokens directly to a black hole address was more straightforward and efficient than first moving them to his own address, because it removed one extra step. The remarks were framed as a direct response to speculation from the community about the purpose of the transfers.
CZ explains the transfer choice
PANews reported on July 13 that CZ responded to community discussion over claims that he had sent some popular meme tokens on BSC to a burn address.
CZ said there was nothing complicated behind it: “It’s not that deep. I hadn’t checked that wallet for a long time. When I opened it, I found there were too many tokens in it, more than 10,000, and the software display was not very user-friendly. I made a suggestion and later did a test. Rather than sending them to my address, sending them directly to a black hole is one step less and more direct and effective.”
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