Burning millions on the blockchain: how hackers used bitcoin to send a message
On 18 June, something remarkable happened on the bitcoin blockchain. A series of 2 087 transactions totalling nearly 18.5 bitcoin, worth close to US$2-million (R35.5-million), was sent to a single address: 1FuckiRGCTerroristsNoBiTEXXXaAovLX. The message embedded in that address left little to interpretation. It was a public and permanent insult aimed at Nobitex, Iran’s largest cryptocurrency…