Crypto: CZ abandons his wallet after a flood of memecoins
Changpeng Zhao finally abandoned the public crypto wallet he was using. Too many memecoins, dust, and unwanted tokens were arriving directly at the address and he couldn’t prevent it. The incident also got Trust Wallet to react. CZ is now asking that the function that lets him ignore certain tokens be much easier to use.
CZ abandons a public wallet flooded with memecoins and unwanted tokens.
Trust Wallet already has an «Ignore coins» feature, but it’s still hard to access.
A wallet can’t stop someone from sending a token to a public address.
CZ abandons his public crypto wallet
This isn’t a hack. A public blockchain address can receive compatible assets sent by anyone. Its owner cannot reject the transaction before it arrives. CZ experienced this on a large scale. The issue isn’t new to him. Back in April 2025, his address had already received 90 million fake Grok tokens.
This time, the accumulation of promotional memecoins, tiny amounts of dust, and spam tokens finally made the address hard to manage. CZ set it aside. That doesn’t clean up the blockchain. The received tokens remain visible, as do the old transactions. A public address keeps its history.
The problem mainly affects how the crypto wallet displays things. A user who receives ten, fifty, or a hundred tokens without asking for them doesn’t necessarily want to see them pop up every time they open the app. CZ initially thought hiding these assets wouldn’t help many people. He changed his mind.
$CRI.US
$CZWI.US
$MEME
#CZ
Changpeng Zhao finally abandoned the public crypto wallet he was using. Too many memecoins, dust, and unwanted tokens were arriving directly at the address and he couldn’t prevent it. The incident also got Trust Wallet to react. CZ is now asking that the function that lets him ignore certain tokens be much easier to use.
CZ abandons a public wallet flooded with memecoins and unwanted tokens.
Trust Wallet already has an «Ignore coins» feature, but it’s still hard to access.
A wallet can’t stop someone from sending a token to a public address.
CZ abandons his public crypto wallet
This isn’t a hack. A public blockchain address can receive compatible assets sent by anyone. Its owner cannot reject the transaction before it arrives. CZ experienced this on a large scale. The issue isn’t new to him. Back in April 2025, his address had already received 90 million fake Grok tokens.
This time, the accumulation of promotional memecoins, tiny amounts of dust, and spam tokens finally made the address hard to manage. CZ set it aside. That doesn’t clean up the blockchain. The received tokens remain visible, as do the old transactions. A public address keeps its history.
The problem mainly affects how the crypto wallet displays things. A user who receives ten, fifty, or a hundred tokens without asking for them doesn’t necessarily want to see them pop up every time they open the app. CZ initially thought hiding these assets wouldn’t help many people. He changed his mind.
$CRI.US
$CZWI.US
$MEME
#CZ