CRYPTOCURRENCY FOUNDER DECLARES BANKRUPTION: DECLARES BANKRUPTCY AND LAUNCHES NEW COIN SIMULTANEOUSLY TO FUND IT
February 12, 2025 - In a stunning display of financial acrobatics, billionaire crypto mogul Ted Etherway announced his bankruptcy on Monday, while simultaneously unveiling his latest venture, "PhoenixCoin." Just when the crypto community thought they had seen it all, Etherway, whose previous ventures include the high-flying, then spectacularly crashing, SkyChain, has decided to fund his own bankruptcy proceedings with the launch of a new digital currency.
Etherway, who held the press conference aboard his still-owned luxury yacht, justified his unconventional strategy as "a forward-thinking investment into my own insolvency." Experts are torn whether to laud him for his innovative approach to financial solvency or to write it off as yet another crypto gimmick in a market that has seen everything from meme coin madness to NFTs for lunar real estate.
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Etherway, who held the press conference aboard his still-owned luxury yacht, justified his unconventional strategy as "a forward-thinking investment into my own insolvency." Experts are torn whether to laud him for his innovative approach to financial solvency or to write it off as yet another crypto gimmick in a market that has seen everything from meme coin madness to NFTs for lunar real estate.
Meanwhile, fi