Someone woke up 5 BTC wallets that had been asleep since 2014 and sent 107 BTC to a burn address. That is about $8.2M gone for good.
A burn address is a wallet nobody holds the key to. Once coins land there, they can never move again. No one can spend them. The money is just deleted from the supply.
What makes this weird is the timing. All five wallets fired at the same moment. That does not happen by accident. One person or one group was behind this, and they meant to do it.
The destination was `1111111111111111111114oLvT2`, a burn address people have known about for years. So this was not a fat-finger send to a random string. Whoever did it knew exactly where the coins were going.
I keep coming back to the same question: why would anyone destroy $8.2M they had been sitting on since 2014? A few theories floating around:
* A dead man's switch that finally triggered.
* Someone proving a point about an old key they no longer wanted to exist.
* A coordinated wipe before handing over a device or estate.
* Plain old loss of access, dressed up to look deliberate.
None of those fully explain burning it instead of just moving it somewhere safe.
If you wanted the coins gone from your control, you send them to a fresh wallet. You do not torch them.
What do y'all think.