Fake Enron Announces Parody Crypto Relaunch With Viral Post

In case you need any more signs that the crypto bull market is heating up, this is it: Enron, the energy company that famously imploded after committing financial fraud in the 1990s, is back from the grave as a blockchain company.

Except – it’s not really Enron, which somehow makes it feel even more like a crypto bull run story.

A team that owns the Enron.com domain and @Enron X account quickly went viral today after announcing that the poster child for financial fraud is now into crypto. But, the thing is that it’s all an elaborate parody.

However, a closer look at the terms and conditions on its website shows that “the information on the website about Enron is First Amendment protected parody, represents performance art, and is for entertainment purposes only.”

Blockchain Plans

A crypto turnaround couldn’t be complete without a press release filled with grand promises, and it was delivered in a statement announcing its relaunch as a company with a vision to “solve the global energy crisis.”

The statement doesn’t give away much about fake Enron’s plans, but of the five outlined key pillars of fake Enron’s vision, number four indicates the company’s plans to leverage blockchain technology.

“Permissionless innovation - Decentralized technology is advancing, and we will, of course, have a role to play in its future,” the statement read. And if you’re wondering what this means - join the club. It’s a masterclass in buzzword bingo.

The Enron parody also posted a video on X announcing they’re “back,” stirring mixed reactions from users on the platform.

@edison0xyz, the co-founder of a crypto remittance app called BasedAppHQ, said, “Enron filed for bankruptcy on Dec 2, 2001. And you guys are back again exactly 23 years later for another financial crime?”

Enron was in the middle of one of the biggest bankruptcies in U.S. history, prompting large-scale corporate governance and accounting reforms.

And now 23 years later, it’s back as a performance art piece with blockchain sprinkles on top. Because why not? The internet loves a chaotic comeback.

Of course, as with almost any viral development in the space, for traders who can’t wait to buy whatever the Enron parody is planning to sell, they can now buy the dozens of Enron memecoins popping up on Pump.fun.