Controversial former hedge fund manager and convicted felon Martin Shkreli is shedding his ‘Pharma bro’ moniker and becoming a crypto bro with the launch of a decentralized exchange (DEX) called Albumswap.
According to a press release, Shkreli’s new decentralized finance (DeFi) platform will be serviced by a native utility token called $MS, which can be purchased on his new website for a dollar.
Shkreli became known as ‘Pharma Bro’ after raising the price on Daraprim—a lifesaving medication used by many AIDS and cancer patients—from $13.50 to $750.
He was convicted of securities fraud in 2017 after allegedly running his company “like a ponzi scheme,” according to one U.S. attorney. He was released earlier this Spring on good behavior and now resides in a halfway house in New York, where he will remain until his full release in September.
Shkreli jumped on a Twitter Space immediately after his partial release and said he got into crypto via Uniswap during his stint in prison. He also claimed that he received unspecified perks in prison in exchange for giving prison guards advice on Bitcoin.
Albumswap… Where did it come from?
Shortly after Shkreli’s Twitter Spaces appearance, Uniswap founder Hayden Adams tweeted: “Will Shkreli still like Uniswap when he learns I listened to that [Wu-Tang Clan] album he bought more recently than him?”
Will Shkreli still like Uniswap when he learns I listened to that WuTang album he bought more recently…
