Breaking: MakerDAO Co-Founder Nicolai Muchgian Dies At 29

Nicolai Muchgian, coder and co-founder of MakerDAO, was found dead on the beach behind Ashford Hospital in Condado, Puerto Rico. The crypto community offers condolences on the death of the 29-year old coder who worked on several projects including Ethereum, MakerDAO, BitShares, and DAI fork Rai by Reflexer Labs.

Crypto Community Remembers Nicolai Muchgian

Coder Nicolai Muchgian was worried that the CIA and Mossad were after him for some reason. Also, Nicolai Muchgian believed his girlfriend was a spy who planted a laptop so that he can be framed for criminal allegations.

In his last tweet on October 28, he said:

“CIA and Mossad and pedo elite are running some kind of sex trafficking entrapment blackmail ring out of Puerto Rico and caribbean islands. They are going to frame me with a laptop planted by my ex gf who was a spy. They will torture me to death.”

Cardano founder Charles Hoskinson in a tweet remembers knowing Nicolai Muchgian while he was working on BitShares. He says Nicolai had a wide array of interests including game theory, Urbit, and blockchain technologies.

Nikolai was one of the people in the early days of Ethereum and smart contracts. He was able to predict the possibility of smart contract hacks and invented the security-oriented approach to smart contract design. Moreover, the crypto community shares his contributions to blockchain and the crypto industry.

MakerDAO Custody Deal With Coinbase

Recently, the MakerDAO community approved a proposal to keep $1.6 billion USDC in Coinbase‘s custody platform Coinbase Prime. It will also allow the community to earn 1.5% rewards on the funds.

MakerDAO will freely mint, burn, withdraw, and settle in USDC instantaneously. Moreover, Coinbase and MakerDAO to automate transactions between Peg Stability Module (PSM) and the Prime custody account through smart contract or API.

Nicolai Muchgian continued working on DeFi and making platforms more censorship-resistant. Maker (MKR) price is trading at $896.44, down over 1% in the last 24 hours.