18 February 2025
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Crypto User Burns $1.65 Million in Ethereum and Donates $5.35 Million
Hu Lezhi, a crypto user, burned $1.65 million in Ethereum and donated $5.35 million while making alarming claims about mind control and suicidal thoughts. His actions have raised concern and led to the creation of a meme coin.
- Hu burned 500 ETH, around $1.65 million, while accusing his employer, Kuande Investment, of using brain-computer technology against employees.
- He claimed persecution and expressed suicidal thoughts, stating he was monitored and manipulated since birth.
- Donations included over 1,647 tokens to charities like WikiLeaks and the Ethereum Foundation, totaling $5.35 million in losses.
- Tron founder Justin Sun reached out, urging attention to Hu's perspective amid ongoing discussions about brain chip technology in the crypto community.
- Ethereum’s price briefly spiked after these events, though analysts attribute it to unrelated factors.
- A meme coin named Kuande has emerged, along with other tokens inspired by Hu, exploiting the situation.
- The authenticity of Hu's identity remains uncertain, with skepticism surrounding his extreme claims.
- The community hopes for Hu's well-being and prompt assistance.