The official opening ceremony at ETH Denver on Thursday kicked off with a rendition of a song poking fun at one of the biggest names in the crypto industry — including Sam Bankman-Fried and Do Kwon. 

What Happened: Alex Lebed, who is attending the ETH Denver, took to Twitter and shared the song played at the official ceremony.

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Official opening ceremony at #ETHDenver pic.twitter.com/EvfnUKr61j

— Alex Lebed | StableUnit📍ethDenver (@lebed2045) March 3, 2023

The song lambasted FTX co-founder Bankman–Fried, Terra Luna stablecoin creator Do Kwon and Alex Mashinsky, founder of Celsius Network. These projects have since been declared defunct and some of their founders are now facing criminal charges. 

“F**k SBF, Kyle, Su Zhu, Do Kwon and Mashinsky,” the lyrics of the song read.

The song was sung by Gabriel Haines, Jonathan , popularly known as ‘Songadaymann’ and Leah Lamarr.

“The bear market is on you, in the next bull market we promise not to use centralized exchanges, run by these toxic dudes,” the lyrics read.

ETHDenver is a community-owned festival that runs Ethereum (CRYPTO: ETH) ‘BUIDLathon’. Global teams are competing for $3 million plus prizes, bounties and investments from Feb. 24 to March 5 in Denver, Colorado.

Price Action: At the time of writing, ETH was trading at $1,59, down 4.52% in the last 24 hours, according to Benzinga Pro data. 
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