On-chain review shows CZ did not burn 4,444 Niu Lai meme tokens

Three apparent burn transactions involving 4,444 tokens each appeared in CZ's public donation address at about 16:15, covering the meme token Niu Lai, MarsCoin and "Bi An Ren Sheng." ChainCatcher, citing Arkham data and a follow-up verification, said the 4,444 Niu Lai burn was not initiated by CZ. The Niu Lai token involved had a contract beginning with 0xD043B6 and shared its name with a heavily traded namesake token whose contract begins with 0xbee. The creator address 0xcf86..383 deployed the contract, granted itself special permissions, minted 1 billion tokens to its own address, sent about 800 million to CZ, then used transferFrom (a token function for moving assets) to force 4,444 tokens from CZ's address to a burn address (an unrecoverable wallet), making it appear that CZ had destroyed them. CZ's address gave no approval to the token or to the initiator during that period.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.