Enron’s Wild Comeback: Pranksters Tease a Crypto Token

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Enron’s Wild Comeback: Pranksters Tease a Crypto Token—But at What Cost?

Written by Aaron S.,

Editor-In-Chief

Last Updated: December 04, 2024

Key Takeaways

A satirical attempt to revive Enron hints at launching a crypto token, stirring confusion and mixed reactions;
The website parody carries a legal disclaimer, emphasizing its humorous and satirical nature;
Former Enron employees, like Diana Peters, criticize the prank as disrespectful to those impacted by the company's collapse.

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Enron’s Wild Comeback: Pranksters Tease a Crypto Token—But at What Cost?

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On December 2, a group of individuals orchestrated an elaborate hoax by announcing that Enron, which collapsed over two decades ago, was reviving as a business focused on addressing the global energy crisis.

The pranksters have even teased the potential launch of a cryptocurrency token as part of this company's resurrection.

College Company, an Arkansas-based firm, currently holds the intellectual property rights to the Enron name. The company’s co-founder, Connor Gaydos, is reportedly known for his involvement in promoting the satirical "birds aren’t real" conspiracy theory, which adds another layer of absurdity to the revival attempt.

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Additionally, the legal protection on the website, which still operates under the old Enron domain name, suggests the entire operation is intended as a humorous or satirical project rather than a serious business venture.

It includes a disclaimer that reads:

The information on the website is first amendment protected parody, represents performance art, and is for entertainment purposes only.

Sherron Watkins, the former vice president of corporate development at Enron, suggested that comedy might be an effective way to confront uncomfortable historical events. She remarked that humor can sometimes help people reflect on past tragedies that are otherwise difficult to face directly.

In contrast, the reaction from Enron’s former employees has been largely negative. Diana Peters, a lawyer representing Enron workers during the company’s bankruptcy process, called the stunt "a pretty sick joke".

While Enron’s resurgence is capturing attention, the crypto world is no stranger to bizarre events. Just recently, Justin Sun made headlines with a wild stunt involving a $6 million banana. How did the crypto community react? Read the full story.