An unknown person burned about $3.8 million worth of crypto assets and NFTs
Date: 2023-08-11 Author: Karina Ziganova Categories: BLOCKCHAIN, IN WORLD
On August 10, an unknown user under the pseudonym nd4.eth transferred GMX and GNS tokens for a total amount of approximately $3.6 million to a zero address intended for the destruction of coins.
“nd4.eth burned $3.59 million worth of tokens, most of which he held for several months. Since January of this year, nd4.eth has acquired $1.8M from GNS and >$1M from GMX on Uniswap. He decided to burn it all down in the last 2 hours - without any explanation," Arkham said in a statement.
Among the NFTs burned by an unknown person are pieces from such collections as Bored Ape Yacht Club, Mutant Ape Yacht Club, and CryptoPunk. At the time of writing, the total estimated amount of these tokens is 122 ETH ($225,000), according to Coinmarketcap.
According to the Debank service, the wallet still holds $211,340 worth of cryptocurrency.
On July 26, nd4.eth sent 2,500 ETH (about $4.61 million at the time of writing) to a token burn address.
