Technology

Dressed in a T-shirt, shorts, flip-flops, and wire-rimmed glasses, Yu declined to talk about the false report of his death or how he may have benefited financially from it.

“You can see the PTSD in my eyes, right?” he said before telling this reporter to leave.

That epitaph should be etched onto his gravestone.

Although the obituary touted his alleged successes, the more significant self-tribute was Sunday’s release of a memecoin that one of his social media accounts promoted in what claimed to be an automated message. “If you’re reading this, it’s because my 72 hour deadman’s switch triggered so i’m not here, at least physically,” the message said. The message described the new coin, dubbed $LLJEFFY, as “my final art piece” and “an eternal grave in cyberspace.”

Who doesn't have a deadman's switch to capitalize on one's own death?

On-chain analysis shared on social media by Bubblemaps, a crypto analytics platform, showed accounts linked to Yu moving up to $1.4 million in cryptocurrency after his supposed death. Several accounts accused Yu of orchestrating an elaborate “pseudocide exit strategy” to cash out his holdings.

So gifted! So capable! Such a deep understanding of the technology!

...

Before his staged death, Yu published a manifesto introducing the concept of “legacoins” — described as an “evolution of digital assets commonly referred to as memecoins” that function as “a vault or storage, securing and preserving value indefinitely.”

What an incredible coincidence!