User's $1.6M ETH burn sparks mind control claims

A user identified as Hu Lezhi sent 603 ETH, valued at $1.6 million, to an Ethereum (CRYPTO:ETH) burn address, accompanied by accusations against Kuande Investments' CEOs, Feng Xin and Xu Yuzhi.

The user claimed the CEOs employed "brain-computer weapons" to control employees.

The incident has sparked debate within the crypto community.

Token burning involves sending them to inaccessible crypto addresses, effectively removing them from circulation.

Hu Lezhi also donated nearly 2,000 ETH, worth $5.3 million, to various addresses in the past week, including WikiLeaks and Ukraine.

Specifically, 711.52 ETH ($1.97 million) went to WikiLeaks and 700 ETH ($1.94 million) to Ukraine.

Additional messages from Hu Lezhi revealed they were a former programmer and entrepreneur.

They alleged the existence of a "new mode of crime" involving military deployment of brain-computer technology, leading to victims becoming "complete slave[s] to the digital machine."

According to Etherscan data, Hu Lezhi initially transferred 500 ETH before sending additional tokens with more messages.

An X user, Loopify, speculated that Hu Lezhi might be an employee of Wizard Quant with access to the assets.

The company’s CEO, Feng Xin, holds a PhD in Statistics from Columbia University and serves as Co-Founder and Chief Risk Officer.

Xu Yuzhi, with a background in mathematics from Renmin University of China, serves as Chief Investment Officer.

The transactions, funded through wallets tagged as originating from OKX and Binance, have led the crypto community to investigate the sender's wallet activity.

Solana-based (CRYPTO:SOL) meme coins emerged in response to the events.

Justin Sun, a figure in the crypto space, expressed concern and support for Hu Lezhi, emphasising the importance of allowing individuals to voice their views.

However, Hu Lezhi's claims have been met with scepticism, with some community members suggesting he may be suicidal and questioning the legitimacy of his accusations. 

At the time of reporting, the Ethereum (ETH) price was $2,671.82.