Enron has been revived 23 years after its infamous bankruptcy due to accounting fraud. Under a prankster-led initiative, a company claiming to be the new Enron aims to tackle the global energy crisis and has signaled the potential launch of a crypto token. Announcements included a post on X (formerly Twitter), which suggested that while no token currently exists, further updates would be forthcoming. The relaunch has drawn attention with advertisements in Houston, where the original Enron was headquartered. The criticism comes from former employees, with one representative calling it a disturbing joke that trivializes the pain caused by Enron's collapse. Conversely, Sherron Watkins, a former Enron executive, views the initiative as a form of comedy that helps address uncomfortable historical truths. Enron's monumental fraud in the 1990s led to significant financial distortions, ultimately culminating in the company's bankruptcy on December 2, 2001, resulting in thousands losing their jobs.

Source 🔗