A16z-backed crypto startup Entropy to shut down, refund investors

Entropy founder and CEO Tux Pacific says that, after four years and multiple pivots, the project was unable to find a scalable business model.

Crypto start-up Entropy is closing down and handing funds back to investors, citing issues with scaling and struggling to find product-market fit.

Entropy founder and CEO Tux Pacific posted to X on Saturday that the crypto automations platform doesn’t have a viable path forward after years of operation.

“After four years, several pivots, and two rounds of layoffs, I’ve decided to wind-up Entropy and return capital to our investors,” Pacific said. 

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