Nicolai Arcadie Muchgian, a 29 year old coder that some describe as a MakerDAO co-founder and a stablecoins innovator, including a fork of DAI called Rai by Reflexer Labs, has been swept away by sea currents on the beach behind Ashford Hospital in Condado, the Police Bureau reported according to local media.
Little else is known about the development. The Condado beach is considered a dangerous beach with strong undercurrents.
Local media reports multiple fatalities have been recorded, and yet lifeguards have still not been assigned to the area.
Muchgian was a resident of San Juan according to authorities. Agent Rosario, assigned to the Isla Verde Tourist Precinct, was in charge of the complaint they said.
Despite a long career in the crypto space, including contributing to BitShares according to Craig Sellars, who describes himself as Tether’s Co-creater, Muchgian was not much known publicly in the crypto space.
This is the first time many would have heard of him, including this paper, with Muchgian publicly claiming a few days before drowning:
“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.”
His public Tweets are kind of filled with suggestions of blackmail, that ‘they’ will get what they want through debt or blackmail, with it quite unclear at this stage whether this was just the general railing against ‘they’ or whether there was something specific.
This is the second death by drowning of a cryptonian in 15 months with the far better known old time bitcoiner Mircea Popescu drowning in Costa Rica in June last year.
Popescu used to be very public in crypto, but drifted away in or soon after 2016, while Muchgian was still working on new stablecoin related projects just a few days ago according to his own public statements.