Someone just burned $8 million worth of Bitcoin
source: protos.com ↗On Monday at 10am New York time, five old Bitcoin addresses each sent their entire balance to the network’s best-known burn address, 1111111111111111111114oLvT2.
The combined total was over 107 BTC, worth about $8.2 million at the time.
…
Across more than 256,000 confirmed transactions stretching back to 2010, the address has received 385,811 outputs and spent exactly zero.
One would hope this is an act of selflessness, and not vengeance behind the scenes.