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I doubt this was accident. There are plausible reasons someone might want to burn crypto. Smart contracts often send coins to 0x0 to destroy them for a variety
by Stevvo 3y ago
I doubt this was accident. There are plausible reasons someone might want to burn crypto. Smart contracts often send coins to 0x0 to destroy them for a variety of reasons. On Ethereum the 0x0 address holds many millions in ETH and various other assets; it's built into the design of some tokens to make deflationary assets.