A Chinese crypto investor, identifying himself as Hu Lezhi, recently burned over $1.3 million worth of Ethereum (ETH), leaving many baffled. The move, confirmed by blockchain analytics firm Arkham, was accompanied by accusations against Xin Feng and Yuzhi Xu, executives at a Chinese quantitative hedge fund called WizardQuant (also known as Kuande).
Accusations of Mind Control
Lezhi’s accusations are outlandish: he claims Feng and Xu used “brain-computer weapons” to persecute current and former employees of the firm, even alleging that the executives themselves were being controlled. He describes himself as an “ordinary programmer and entrepreneur” who claims to have been “monitored and manipulated by a mind control organization” since birth.
More Than Just the $1.3 Million Burn
This wasn’t a one-time event. Over the past week, Lezhi’s address has sent a total of almost $5 million to burn addresses, as well as to WikiLeaks and the Ethereum Foundation. He also transferred significant amounts of ETH to Coinbase and a new, unknown address.
The Mystery Remains
While the reasons behind Lezhi’s actions remain shrouded in mystery, the incident highlights the sometimes bizarre world of cryptocurrency and the lengths some individuals will go to express their grievances. The burned ETH is, of course, irretrievable. At the time of writing, ETH was trading at approximately $2,669, down slightly in the last 24 hours.
Disclaimer: This information is for general knowledge only and does not constitute financial advice. Investing in cryptocurrency is inherently risky. Always conduct thorough research and consult a financial advisor before making any investment decisions.
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