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Hazeflow founder Pavel Paramonov says crypto research firm will shut down

Hazeflow founder Pavel Paramonov says crypto research firm will shut down

Paramonov said practical realities forced the closure, invited firms to hire Hazeflow staff seeking new roles, and plans to step away from crypto for at least a month.

Fact Check
The claim is directly confirmed by the primary source — Paramonov's own X post (@paramonoww) — which states the forced closure of Hazeflow, invites firms to hire departing researchers/designers, and announces at least a month away from crypto. Two independent news reports (crypto.news and Phemex, the latter citing an original TechFlow source) corroborate every element, including the 'practical realities' framing and staff-hiring invitation.
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Summary

Hazeflow is shutting down after founder Pavel Paramonov said the decision was not voluntary and argued that founders do not typically close businesses that are still generating revenue. He thanked the firm’s clients, partners and employees, said the experience had been positive overall, and invited companies to contact him about hiring Hazeflow researchers and designers now seeking new roles. Paramonov added that he plans to step away from the crypto industry for at least a month and said he is currently disappointed with the sector, without giving specific reasons. The closure adds to a run of crypto industry shutdowns this year, including AscendEX, Vlad.fun, TapTools, Carrot and Pyra, which cited a mix of regulatory, financial, operational and exploit-related pressures.

Terms & Concepts
  • MiCA: The European Union’s Markets in Crypto-Assets framework, which sets rules and authorization requirements for crypto firms.
  • DeFi: Short for decentralized finance, a category of crypto-based financial services built on blockchain networks.
  • Hazeflow: A crypto research firm founded by Pavel Paramonov that is being wound down.