Monitoring account Ai Yi said Zhao Changpeng’s donation address transferred 700 million CZ tokens and 400 million TCC tokens to a black hole address about five minutes before the alert was posted. The transfer was identified as a burn transaction. The update came from a post linked in the source material, with no additional details provided in the brief. The report names Zhao Changpeng, also known as CZ, and specifies both token amounts involved in the transaction. As provided in the source, the destination was a black hole address, a term commonly used for an address used to remove tokens from circulation through an irreversible transfer.
According to monitoring by Ai Yi, Zhao Changpeng’s donation address transferred 700 million CZ and 400 million TCC to a black hole address for burning about five minutes earlier.
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