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Reading: No, Enron isn’t coming again with a brand new crypto token
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Michigan Post > Blog > Crypto & Web 3 > No, Enron isn’t coming again with a brand new crypto token
Crypto & Web 3

No, Enron isn’t coming again with a brand new crypto token

By Editorial Board Published December 2, 2024 2 Min Read
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No, Enron isn’t coming again with a brand new crypto token

A brand new Delaware-based crypto mission that parodies long-bankrupt power firm Enron is outwardly “recruiting” for a nuclear methods engineer because it gears as much as launch its first token.

Houston-registered Enron Company famously went bankrupt in December 2001 after quite a few its executives have been discovered to be utilizing fraudulent accounting practices to inflate the agency’s revenues.

Nevertheless, the ‘Enron’ that’s apparently getting ready to make waves on this planet of crypto is a really completely different entity.

For starters, on the time of its chapter in 2001, Jeffrey Keith Skilling and Kenneth Lay have been the corporate’s CEOs. Current trademark paperwork, nonetheless, reveal that the brand new Enron Company shouldn’t be solely now registered in Delaware however the enterprise, which describes itself as a “parody” in its official phrases of use, is helmed by a brand new CEO known as Charles Gaydos.

In what’s presumably additionally a part of the bit, a put up on the mission’s hiring web page says it’s trying to find a “Nuclear Systems Engineer.” That is regardless of it now being within the enterprise of promoting Enron merchandise — $118 for an Enron hoodie, or $28 for a water bottle — and crypto providers — particularly NFTs and an alternate.

An “Enron Web4” trademark can be within the works.

The account’s posts are already being marked with neighborhood notes, presumably from individuals who missed the parody half. For instance, one calls the enterprise “a crypto scam masquerading as bankrupted Enron Corporation.”

Customers have additionally seen that members of its supposed workforce have been truly inventory picture fashions.

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