Martin Shkreli Launches Albumswap, Declares War On Uniswap

“America’s most hated man” Martin Shkreli launches a decentralized exchange (DEX) after clashing with the owner of Uniswap.

According to a press release, Martin Shkreli has officially launched the Albumswap decentralized finance platform and issued MS tokens that are priced at $1 on the website. This is the “fork” of the leading DEX Ethereum, Uniswap. Martin Shkreli once declared war will become “a thorn in the eye” of CEO Hayden Adams.

Martin Shkreli is known as “Pharma Bro” after the incident inflated the price of Daraprim – a drug for AIDS and cancer patients – to 5,455% (from $13.5/dose to $750).

By 2017, Shkreli was facing up to seven years in prison for fraud and conspiracy to commit fraud, like aiding a ponzi scheme. At the beginning of this year, he was released ahead of time.

Twitter public opinion was once again stirred by the news that Martin Shkreli participated in crypto and traded on Uniswap during his prison time. He also claims to have given Bitcoin advice to bribe prison guards.

The origin of Albumswap began with tweets. Shortly after Shkreli appeared on Twitter Spaces, DEX Uniswap creator Hayden Adams left a comment:

It was thanks to Haydens’ tweet that the name Albumswap was born in the most ironic way.

“I wasn’t planning on it. But I really didn’t appreciate his tweet. I feel that if I can just take 5% of his market share, I will have done my job. Anything I can do to be a thorn in his side.”

It is not known whether Martin Shkreli’s latest project will be successful or not. But one thing is for sure, betting with this guy who used to have “nothing to lose” is not a good thing.

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Harold

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