So-called ‘Pharma Bro’ Martin Shkreli turns into ‘Crypto Bro’ – ‘I started using Uniswap in prison’

After being released from prison, former hedge fund manager and convicted felon Martin Shkreli discussed cryptocurrency and used the federal prison’s decentralized exchange (dex) platform Uniswap. The so-called ‘Pamabro’ explained that crypto companies could eventually dethrone some of the biggest banks.

Martin Shkreli Talks About Defi and Cryptocurrencies

Martin Shkreli was released from prison early and is now in a middle home in New York. Shkreli’s federal custody ends in September, and as soon as he is released he made a speech via social media accounts. On Facebook, Shkreli joked that getting out of jail “will be easier than getting out of jail on Twitter.”

Shkreli is a former hedge fund manager and is famous for purchasing a license for a drug called Daraprim. Not the fact that Shkreli’s company Turing bought the drug, but the company increased the drug’s price from $13.50 per pill to $750 per pill in 2015.

Shkreli also has an interesting character and is known to be very cheeky. So-called ‘Pamabro’ was eventually convicted of securities fraud in a case that had nothing to do with the price increase of Daraprim. Shkreli is also known for purchasing an unreleased Wu-Tang Clan album that was confiscated from his property after being convicted of securities fraud.

A Non-Fungible Token (NFT) art group has purchased an unreleased Wu-Tang Clan record for $4 million. Shkreli was sentenced to seven years in prison for the crime, but was released prematurely by completing his sentence reduction or advance program.

In a Twitter space post on Saturday, it appeared that the former hedge fund manager was changing from a so-called ‘Pama Bro’ to a ‘Crypto Bro’. Shkreli also said that behind the bar, it leveraged the decentralized exchange (dex) platform Uniswap.

“Uniswap is really cool. I started using Uniswap in prison,” Shkreli told Twitter Space attendees. Shkreli seems to truly believe in the crypto ecosystem and decentralized finance (defi). The convicted sinner said:

i don’t think [defi’s] at the limit you can go. I think we will see more and more financial instruments. Eventually, we will see a cryptocurrency entity bigger than the banking tycoon.

Shkreli discusses Bitcoin Dominance, Ethereum, Solana, Algorand.

Shkreli said BTC Dominance is “edible,” and the entrepreneur also noted that companies like Apple and Tesla should have their own coins. “There are so many ways we can do it. [decentralized finance]”, said Shkreli, adding that “there should be Apple Coins and Tesla Coins, obviously.”

Shkreli also talked about blockchain networks like Solana and Algorand. Ethereum is one of the reversible contenders. BTC Dominance, Shkreli, was highlighted during the conversation. “Given the use cases of ether, it’s hard not to have this happen,” Shkreli explained.

A former hedge fund manager, he likes to tell people what he’s doing, and he had no problem telling fans he used Uniswap in prison. Uniswap founder Hayden Adams discussed Shkreli after the Twitter Spaces topic started trending on social media. “Will Shkreli still like Uniswap when I hear that? [Wu-Tang Clan] An album you bought more recently than you?” Adams said.

tags in this story

Algorand, Bank Mogul, Convicted Felon, Crypto Bro, DeFi, Defi in Prison, dex Applications, Dex Platform, Ethereum, Federal Custody, Hayden Adams, Hedge Fund Manager, Jail, Martin Shkreli, Pharma Bro, Jail, Securities Fraud, Solana, Twitter Spaces, uniswap, Wu-Tang Album

What do you think about Shkreli saying he used Uniswap in prison? Let us know what you think of this topic in the comments section below.


Jamie Redman

Jamie Redman is a news lead for News and a financial technology journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for News about the disruptive protocols emerging today.

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