Coinbase burning bitcoins now?


Sent myself Bitcoin from Gdax and this was the change address.


I’ve never seen an address like this so I looked into it and it’s a burn address known since at least 2013.

Does it just make more sense burn these coins?

Update: so this seems to be a bech32 address issue. Block explorer not decoding the address properly and displaying that burn address instead.


  1. I cant dig too far into the block explorer at the moment, but 50k transactions for an address serving this purpose since 2013 seems like a low amount. Is there a discrepancy or a break in the transaction dates anywhere? That info could give a clue or two to unravel the mystery.

    Edit14: words.


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