The cryptocurrency research organization Hazeflow announced its closure, with the founder stating that they will temporarily leave the cryptocurrency industry for at least a month

Hazeflow founder Pavel Paramonov announced the closure of his crypto research institution @hazeflow_xyz on X. Paramonov stated that such decisions are usually made under duress, "You don't just wake up one day and decide to shut down a business that generates income." He mentioned that several talented researchers and designers on the team are looking for new jobs and welcome institutions in need to contact them via private message. Paramonov said he will temporarily leave the crypto industry for at least a month before considering the next steps, "Currently, I am somewhat disappointed with the crypto industry."