|

Anonymous user burns 600 ETH, attacks Kuande Investments

  • A Chinese user, named Hu Lezhi, sent over 600 ETH worth $1.6 million to a burn address.
  • The user accused Kuande Investments CEOs of using brain-computer weapons to persecute their staff.
  • He has also donated nearly 2,000 ETH, worth $5.3 million, in the past week, raising questions about the nature of his messages.

A pseudonymous user named Hu Lezhi sent 603 ETH worth $1.6 million to the Ethereum burn address on Monday with a message accusing Kuande Investments' CEOs Feng Xin and Xu Yuzhi of influencing their employees with brain-computer weapons.

Mysterious user burns hundreds of ETH, spreads accusation against former employers

An Ethereum wallet burned 603 ETH with an inscribed message accusing Kuande Investments of mind control practices, according to Etherscan data.

Burning of tokens implies sending them to crypto addresses where the sender or any other person can't ever access them again.

The sender, alleged to be Hu Lezhi, claimed that the company's CEOs, Feng Xin and Xu Yuzhi, used mind computers to control their employees.

"The bosses of Kuande Investment, Feng Xin and Xu Yuzhi, used brain-computer weapons to persecute all company employees and former employees, and even they were controlled," the Etherscan message reads.

Hu Lezhi initially transferred 500 ETH to the burn address, then sent the extra tokens, conveying four additional messages.

The other messages revealed that he was a former company employee who worked as a programmer and entrepreneur.

He also claimed that military forces are deploying the brain-computer, which is being developed as a "new mode of crime."

"There is a new mode of crime in which the victim is gradually deprived of his senses of desire until he becomes a complete slave to the digital machine," the message implied.

Onchain data also revealed that the wallet that burned 603 ETH has also sent 1,950 ETH worth $5.3 million to several key addresses in the past week, including WikiLeaks donation address.

The burned tokens, coupled with the accusations, have fueled speculation about the sender's identity and intentions, sparking debate across the crypto community.

X user Loopify speculated that the anonymous user was a worker for Wizard Quant and was in charge of the assets. Loopify claims that his access to the tokens allowed him to burn and donate them in such a manner.

Several other community members also claimed that the user may be suicidal and have raised questions about the legitimacy of his accusations.

Meanwhile, another X user, Momin, stated that Hu Lezhi's attempt to reveal his message could signal that it might be true.

Author

Michael Ebiekutan

With a deep passion for web3 technology, he's collaborated with industry-leading brands like Mara, ITAK, and FXStreet in delivering groundbreaking reports on web3's transformative potential across diverse sectors. In addi

More from Michael Ebiekutan
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.