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Balancer Labs Co-Founder Drowns, Twitter Speculates CIA Involvement

2 mins
Updated by Kyle Baird
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In Brief

  • Balancer Labs co-founder Nikolai Mushegian has drowned in Puerto Rico, local media say.
  • Mushegian also developed for MakerDAO, besides working on many other projects.
  • A day before his death, Mushegian said that the CIA and Mossad would frame him and had tweeted about a potential death before.
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Balancer Labs co-founder Nikolai Mushegian has drowned in Puerto Rico. Mushegian tweeted about a potential death at the hands of the CIA earlier, and the crypto community has already begun speculating.

Reports are emerging Balancer Labs co-founder and MakerDAO developer Nikolai Mushegian has been found dead in Puerto Rico. The 29-year-old reportedly died as a result of drowning, local media say. The reports claim that Mushegian was dragged by currents and swept away while swimming at Condado beach.

Mushegian’s body had been rescued, but as yet, there is little else known about the incident.

Nikolai Mushegian was the co-founder of Balancer Labs and has worked on a fork of the DAI stablecoin. He was a private figure and did not have a large presence on social media.

Still, he did make the occasional tweets, with the last of these posts saying that the “CIA and Mossad and pedo elite” were going to frame him and torture him to death. He said these entities were some kind of sex-trafficking entrapment blackmail ring and would frame him with a laptop planted by his ex-girlfriend, who was a spy.

Who Was Balancer Labs CEO Nikolai Mushegian?

Nikolai Mushegian had his own website, where he talked about various projects and what inspired him. These projects include the DAI fork RAI, Balancer, and DAI, among many other initiatives.

In a world where everybody in the crypto market seems to have an opinion, Mushegian was notably quiet. He predominantly let his development do the talking, offering his thoughts on various aspects of the crypto industry occasionally.

Mushegian was also a charitable figure, donating over $1 million to his alma mater Carnegie Mellon in 2020. He wished to support a research program for decentralized technologies, including dApps and protocols.

Crypto Community Speculation Runs Rife

The crypto community, including influencer Dylan LeClair, was quick to speculate on the nature of his death. They referred to his last tweet and other ones he had posted in the past.

One of these tweets said that some of the possible futures for him would be being “suicided by CIA” or becoming a “CIA brain damage slave asset.”

Most have offered their condolences, noting his achievements and contributions. Ava Labs founder and CEO Emin Gün Sirer also tweeted about the incident, saying that he was very sad to hear this.

Tether co-founder Craig Sellars also offered his condolences, hoping that Nikolai Mushegian rests in peace.

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Rahul Nambiampurath
Rahul Nambiampurath's cryptocurrency journey first began in 2014 when he stumbled upon Satoshi's Bitcoin whitepaper. With a bachelor's degree in Commerce and an MBA in Finance from Sikkim Manipal University, he was among the few that first recognized the sheer untapped potential of decentralized technologies. Since then, he has helped DeFi platforms like Balancer and Sidus Heroes — a web3 metaverse — as well as CEXs like Bitso (Mexico's biggest) and Overbit to reach new heights with his...
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