The official opening ceremony at ETH Denver on March 3 had kicked off with a rendition of a song poking fun at Do Kwon and other crypto honchos.
What Happened: Alex Lebed, who attended the ETH Denver, took to Twitter and shared the song played at the official ceremony.
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Official opening ceremony at #ETHDenver pic.twitter.com/EvfnUKr61j
— Alex Lebed | StableUnit📍ethDenver (@lebed2045) March 3, 2023
The song lambasted FTX co-founder Sam Bankman–Fried, Terra Luna stablecoin creator Kwon and Alex Mashinsky, founder of Celsius Network. These projects have since been declared defunct and some of their founders are now facing criminal charges.
“F**k SBF, Kyle, Su Zhu, Do Kwon and Mashinsky,” the lyrics of the song read.
The song was sung by Gabriel Haines, Jonathan , popularly known as ‘Songadaymann’ and Leah Lamarr.
“The bear market is on you, in the next bull market we promise not to use centralized exchanges, run by these toxic dudes,” the lyrics read.
Why It Matters: This comes as Montenegro has approved the proposed bail terms for Terra founder Do Kwon, who faced a criminal charge of document forgery under Montenegrin law. The court has officially accepted the offer of 400,000 euros ($436,000) each for Kwon and Han Chang-Joon, Terraform Labs’ chief financial officer, as well as putting them under house arrest instead of being taken into custody.
ETHDenver is a community-owned festival that runs Ethereum (CRYPTO: ETH) ‘BUIDLathon’. Global teams are competing for $3 million plus prizes, bounties and investments from Feb. 24 to March 5 in Denver, Colorado.
Price Action: At the time of writing, ETH was trading at $1,824.82, up 1.24% in the last 24 hours, according to Benzinga Pro data.
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