While cryptocurrency users are no strangers to bizarre behavior, a mysterious coder has taken things to a new level by burning over $7 million worth of Ethereum in a series of transactions laden with paranoid messages.
The saga began with a whopping 500 ETH ($1.37 million) sent to Ethereum’s burn address, accompanied by an unsettling message in Chinese. The sender, operating from address “0x1a1…..6813,” accused executives at Kuande Investment of using “brain-computer weapons” to control employees. Yeah, you read that right.
Crypto user burns $1.37M in ETH while ranting about mind-control weapons at Chinese investment firm. Just another day in crypto.
This wasn’t a one-time thing. The same entity torched another 603.38 ETH ($1.67 million) across multiple transactions, each featuring similar dystopian warnings about mind control.
But burning ETH wasn’t enough – they went on a donation spree, sending 711.52 ETH to WikiLeaks and 700 ETH to Ukraine’s donation address. Decentralized ledger systems make these large transfers possible while maintaining transaction transparency.
Kuande Investment, the target of these accusations, is a legitimate Chinese hedge fund specializing in quantitative trading. Its CEO, Feng Xin, holds a PhD from Columbia University, while CIO Xu Yizhi comes with serious mathematics credentials from Renmin University. Not exactly the evil masterminds our crypto crusader makes them out to be.
The incident has crypto Twitter absolutely buzzing. Ethereum educator Sassal brought attention to the spectacle, while others scrambled to trace the sender’s wallet activity. Because nothing says “fighting the power” like burning millions in digital assets. The increasing value of cryptocurrencies has made them an attractive target for individuals with fraudulent intentions.
The whole ordeal raises some uncomfortable questions about cryptocurrency’s role in activism and mental health awareness in tech. It’s also a stark reminder of how easily large sums can move through the crypto ecosystem.
The funds, traced back to wallets tagged as OKX and Binance, highlight ongoing concerns about exchange security and identity verification.
In true crypto fashion, the community responded by… creating Solana-based meme coins. Because of course they did.
