Changpeng Zhao abandoned his public wallet after receiving too many unwanted memecoins. Trust Wallet will make its 'Ignore coins' feature easier to access after CZ's request.
Alpha Score of 50 reflects moderate overall profile with moderate momentum, poor value, moderate quality, strong sentiment.
Changpeng Zhao abandoned the public crypto wallet he had been using. Too many unsolicited memecoins, dust, and spam tokens had landed at the address, and he could not block them before arrival.
The problem is not a hack. A public blockchain address can accept any compatible asset sent by anyone. The owner has no way to reject a transaction before it reaches the wallet. CZ experienced this at scale. In April 2025 his address had already received 90 million fake Grok tokens, he noted.
This time the accumulation of promotional memecoins and tiny dust amounts made the address difficult to manage. CZ set it aside. The old tokens remain on-chain. The address retains its full transaction history.
CZ initially thought hiding unwanted assets would not matter to many users. After a wave of reactions he said he had underestimated the usefulness of the feature. Trust Wallet already offers an “Ignore coins” option that hides cryptos a user no longer wants to see in the interface.
Small problem: it takes five clicks to find it, CZ said. He now expects an update to make the setting far more accessible – mostly an interface change.
Trust Wallet cannot delete a token received on the blockchain or stop its transfer to a public address. The app can simply choose not to display it. Hiding a memecoin does not destroy it. The contract, the transaction, and the balance remain visible on-chain.
The wallet provider is already working on other protections. In March it deployed a feature to guard against address poisoning on Ethereum and BNB Chain, covering 32 EVM networks. Trust Wallet said it detected over 225 million attempted address poisonings.
The request from CZ addresses a more mundane problem. Tokens arrive. The user just wants to stop seeing them.
Sending a token to a prominent figure’s public address costs little and can generate free advertising. CZ is an ideal target. Once a token appears in his wallet, its name can spread on X, Telegram, or trader communities. Some projects then imply a link to the Binance founder where none exists.
The same pattern has played out around him before. In October 2025 a trader turned about $3,000 into $2 million on a memecoin tied to a CZ tweet, he said.
CZ chose the simplest fix: switching to a different wallet for everyday use. Trust Wallet will make the ignore button more visible. The old wallet stays public. Memecoins will probably keep arriving.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.