In July, a South Korean company claimed it had discovered the wreck of a Russian warship, the Dmitrii Donskoi, containing $130 billion of gold.
No sooner had it done so than a website appeared promising a cryptocurrency exchange linked to the wreck and its cargo, supposedly to share profits from the wreck by giving the virtual currency to people who use the exchange.
And if that’s not enough, Shinil Group, the company which claims to have found the wreck, says it has absolutely nothing to do with the cryptocurrency.
We’ve heard of cryptocurrencies being described as a train wreck. A shipwreck is newer.