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Crypto News: Latest Updates on Cryptocurrency Today

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Published on Feb 18, 2025
Updated on Feb 18, 2025
2 min read
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ETH+1.88%
SOL-3.36%

18 Feb 2025

Chinese crypto whale "Hulezhi" burns over 2K ETH, accuses Kuande Investment of brainwashing

In the latest crypto news today, the industry is abuzz with the revelation of an pseudonymous user named Hu Lezhi, who sent 603 ETH ($1.6 million in value) to the Ethereum burn address on Monday with a message accusing Kuande Investment CEOs, Feng Xin and Xu Yuzhi, of brainwashing their employees with technology. Burning of tokens implies sending them to crypto addresses where the sender or any other person can't ever access them again. (Source)

The Chinese crypto whale Hu Lezhi also made large donations totaling 1,950 ETH to various addresses, including WikiLeaks and Ukraine.

The incident has sparked community reaction on social media platforms, with crypto users investigating the sender’s wallet activity. Solana-based meme coins emerged in response to the events.

Disclaimer
This content is provided for informational purposes only and may cover products that are not available in your region. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto/digital assets, or (iii) financial, accounting, legal, or tax advice. Crypto/digital asset holdings, including stablecoins, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding crypto/digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. Information (including market data and statistical information, if any) appearing in this post is for general information purposes only. While all reasonable care has been taken in preparing this data and graphs, no responsibility or liability is accepted for any errors of fact or omission expressed herein.

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