Changpeng Zhao, better known as CZ, said in a post that he did not communicate with the Giggle Academy team about the recent sale of donated tokens. He added that the project عادة converts most donated tokens into BNB at the end of each month and that he does not directly handle its day-to-day operations. The statement came as community attention focused on how Giggle Academy manages its tokens. Zhao also said the project follows preset token conversion rules in daily operations rather than relying on his direct involvement in specific trading decisions. Giggle Academy was initiated by Zhao and is aimed at providing educational support for poor children around the world.
Changpeng Zhao said he did not communicate with the Giggle Academy team regarding the recent sale of donated tokens.
In his post, Zhao said the project usually converts most donated tokens into BNB at the end of each month. He also said he does not directly manage the project’s day-to-day operations.
The clarification responded to community attention around Giggle Academy’s token management. The project was initiated by Zhao and is intended to provide educational support for poor children globally. According to the statement, its daily operations follow preset token conversion rules rather than direct intervention by Zhao in specific trading decisions.
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