Mark Carnegie’s crypto bromance turns sour
Rear Window
A blockchain toff and Russian hardman have unsurprisingly fallen out, with a Papua New Guinean fly in the ointment.
Tom RichardsonJournalist
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Campbelltown’s richest Russian and crypto hardman Sergei Sergienko has decamped to Dubai, the capital gains tax haven of choice for speculators booking profits from the shitcoin sector’s latest bull run.
Sergienko has also exited his role at Singapore-based business venture MHC Digital Group with blue-blooded business partner, venture capitalist and philanthropist Mark Carnegie.
We can reveal the crypto bromance has officially turned sour, after Sergienko told this column Carnegie was an “asshole” for coaxing him out of their business partnership in 2022 because the blockchain toff was worried about his esteemed reputation.
The volatile Russian also accused Carnegie of stealing the limelight over a charitable bid to name a new species of fly from Papua New Guinea “bitcoin” after they both bid for the naming rights at the Australian Museum Foundation Gala Dinner.
Asked for a response to the Russian’s broadside, Carnegie told us Sergienko’s problem was he never understood what it takes to run a crypto business regulated by ASIC.
There’s no doubt the corporate cop has a reputation as tough on the local crypto sector and we can’t think why it’s unconvinced by staking, forks, pancake swaps, mooning and initial coin offerings.
Still, the crypto boom sent bitcoin to a $1.7 trillion market cap on Wednesday and has sure enriched key local evangelist Carnegie.
MHC Digital Group’s flagship crypto investment fund rocketed 123.9 per cent in 2023. Moreover, its literature proclaims this is the beginning of a new crypto growth cycle in 2024 and 2025.
As for bitcoin apostle and former Financial Review Young Rich Lister Sergienko, he says he’s staying out in Dubai.
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