500 ETH Down the Deck: Ethereum Wallet Accuses Kuande Investments of Mind Control

The crypto world witnessed an unusual event. An Ethereum wallet burned 500 ETH, equivalent to about $1.38 million, just to convey ominous information about a company called Kuande Investments. The message left on the Ethereum blockchain contained accusations of mind control technology and other malicious actions by the company and its executives.

Image source: Copilot

A lengthy statement attached to an Ethereum transaction block alleged that Kuande Investments executives Feng Xin and Xu Yuzhi were using “brain-control weapons” against current and quitting employees. According to Cryptopolitan, the company’s executives were also allegedly under this control themselves.

«I, Hu Lezhi, am an ordinary programmer and entrepreneur. Since October 2022, I have realized that I have been controlled and manipulated by a mind-control organization since birth. Once I realized the existence of this organization, they further intensified their influence on me. – Hu Lezhi wrote in his statement. – And as brain-computer interfaces and mind-reading technologies develop, a new kind of crime is emerging in which even wild animals become puppets or complete slaves of a digital machine.”

Kuande Investments is a relatively unknown company, but the statement mentioned a connection to WizardQuant, a team that specializes in data mining, artificial intelligence (AI), and business portfolio analysis. Despite the lack of direct connection to cryptocurrencies, suspicions arose that the company’s wallet may have been used to burn the ETH.

After the message was distributed, the wallet from which a number of transactions were made to the “black hole” address (0x0) was marked with so-called cryptocurrency dust for further tracking of its activities, which is a common practice in the crypto community to monitor suspicious activity.

It is worth saying that the unexpected and shocking information immediately attracted the attention of the crypto community. Almost immediately, the Kuande Investments meme token appeared in the Solana blockchain, which has nothing to do with the company of the same name and was released by an independent and very enterprising developer known for his small meme projects.

Despite concerns about the author’s mental health crisis, the Kuande Investments meme token quickly gained popularity on the Pump.fun platform, increasing in price by 50 times. Subsequently, another token, WizardQuant, was created on the excitement of the whole story. Both coins demonstrated rapid growth in the first hours after launch, reflecting the trend of using viral events on social media to create and promote meme tokens.