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Changpeng Zhao (Courtesy: Twitter)
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User Burns $20K in BNB, Binance To Take Care Of It

Changpeng Zhao (Courtesy: Twitter)
Changpeng Zhao (Courtesy: Twitter)

Binance CEO Changpeng Zhao, in a tweet, revealed that a Binance user accidentally sent 800 BNB to a smart contract address on the Binance Smart Chain, effectively losing the coins forever.

Zhao in a tweet revealed that the user pleaded for the platform to help him recover his lost coins, which are worth $20,000.

Ultimately, it appears CZ decided to help the guy out.

A used had said that Binance had two options — go by the books and inform the user that his coins were unfortunately lost forever, or bend the rules a bit and refund him, deducting the amount from the next BNB burn. Not surprisingly, this led to a division of opinion, as some respondents preferred the ideologically pure option.

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