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BNB $607.20 -0.52%
XRP $1.00 -0.02%
SOL $75.37 -0.07%
TRX $0.3315 +0.15%
DOGE $0.0700 +0.02%
ADA $0.1761 -1.23%
BCH $204.26 -0.35%
LINK $9.35 -1.26%
HYPE $57.16 +1.38%
AAVE $86.59 -0.01%
SUI $0.6781 -0.59%
XLM $0.1575 -0.49%
ZEC $494.12 +1.06%

Zhao Changpeng's address destroying the "Niulai" token is not voluntary; it is a forced transfer by the token creator using the contract

2026-08-16 18:04:14

According to Arkham data, around 16:15 today, CZ's public donation address saw three consecutive token burn actions, specifically 4,444 Meme tokens "Bull Coming" (with a contract address starting with 0xD043B6, which is a market-hyped token with the same name starting with 0xbee), 4,444 Meme coins MarsCoin, and 4,444 "Binance Life".

Upon verification of the three burn actions, the 4,444 Meme tokens "Bull Coming" were not actively burned by CZ. The initiator of the transaction was the token creator himself (0xcf86..383), who deployed the contract and set up privileged authorization to mint 1 billion tokens for his own address. Subsequently, he actively transferred about 800 million tokens to CZ's address and used transferFrom to forcibly transfer 4,444 tokens from CZ's address to a black hole address, simulating a burn by CZ. During this period, the CZ address had no authorization for this token or the initiator.

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