Musheghyan has been a key figure in the crypto community, participating in several projects including MakerDAO, BitShares, and Balancer.

Nikolay Mushegyan, co-founder of the cryptocurrency lending platform MakerDAO and decentralized Dai

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Last week, a stablecoin was found dead in Puerto Rico.

According to the local newspaper El Nuevo Día, Musheghian drowned in the sea currents on Condado Beach in San Juan. Musheghyan showed no vital signs until his body was removed.

Condado Beach is considered one of the most dangerous swimming spots in the world, with at least eight deaths reported in 2021.

The unfortunate incident was reported by local authorities on the morning of October 28. According to the police report, Musheghian was a resident of San Juan. The crime scene is reportedly being investigated by the San Juan Homicide Squad and the local prosecutor.

Musheghyan has been a key figure in the crypto community and has been involved in several industry projects, with some calling him “Architect Dai.” The 29-year-old crypto developer is best known for his work with the MakerDAO Rico and Rai forks, as well as the BitShares proof-of-stake blockchain network. Musheghyan is also the co-founder of automated market maker Balancer.

Rune Christensen, founder and CEO of MakerDAO, tweeted on October 31 that Musheghian has made a significant contribution to the development of Maker and has done important work since the early days of Ethereum.

Cardano founder Charles Hoskinson tweeted that he knew Musheghyan from his days at BitShares. “He was a very young and extremely bright person with a wide range of interests, from game theory to Urbit,” Hoskinson said, adding that the coder had a deep understanding of technology.

Tether co-founder Craig Sellars said that Musheghian’s death came just days after the MakerDAO community voted to approve custody of the $1.6 billion coin.

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With crypto exchange Coinbase.

Related: MakerDAO Revenue Drops 86% Due to Ethereum and Packed BTC Issues

Musheghyan was an active member of the community on social media. At the time of writing, his Twitter account Delete_shitcoin has about 5,500 followers. His last tweet was published just hours before his death, citing blackmail allegations by the US Central Intelligence Agency and the Mossad. Musheghyan has previously made similar claims, hinting at a possible CIA “suicide” as one of his possible futures.

Source: CoinTelegraph