Azero Schmazeroย
It is a sad week for Aleph Zero fans, and that includes us. We do not yet know what exactly happened here, but it seems to have been greed and mismanagement that tanked the token. Adam Gagol, Nick Fisher and Daniel Ozluer seem to have stolen significant funds, and the price has crashed. Adam Gagol posted on X last week that he's leaving the team. There is no confirmation and proof yet, some have already complainedย to the Swiss regulator, and social media is abuzz with speculation. We have always been huge fans of the tech, based on our intimate conversations with Dr. Matthew Niemerg, who is behind most of the excellent privacy tech Azero has developed. This rug, if confirmed, isnโt just devastating for investors and our ego, itโs also a setback for privacy tech, since it removes an important critic of zk-proof and a great alternative. However, the brewing scandal seems to have nothing to do with Azero technology or the chain, and we are confident that it will be saved (bought up) by someone else. So for the intrepid, this is a chance to buy AZERO on the cheap and wait for the bailout.