$90m doesn't sound like very much in terms of crypto news, and in terms of amounts a bank would need to actually worry about ๐
this post was submitted on 21 Jun 2025
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How can you burn a digital thing?
The term is not always literal. By destroying the only copy of the wallet's private key, the funds become irrecoverable unless the cryptography is broken, which would destroy all of the currency's value. And yes, the private key can be literally printed and burned.
Edit: they sent it to nonexistent Dogecoin addresses, meaning that in all likelihood there is no private key to theoretically reverse-compute.
irrecoverable unless the cryptography is broken, which would destroy all of the currency's value
Unless you manage to break the cryptography and keep it a secret ๐ค ๐