Crypto research firm Hazeflow to shut down as founder steps away from industry
Hazeflow founder Pavel Paramonov has announced the closure of his crypto research firm, saying he will step away from the crypto industry for at least a month after deciding to wind down the business. According to a statement published by Paramonov on X, Hazeflow will cease operations after what he described as a decision that was not made voluntarily, arguing that founders do not normally shut down businesses that continue to generate revenue. Today, Im shutting down my research firm @hazeflow_xyz. Unfortunately, youre usually forced into such decisions, you dont magically wake up one day and think you should shut down something that brings you money. I dont wanna write all this bs like running a company taught… — Pavel Paramonov (@paramonoww) July 21, 2026 Without disclosing the specific reasons behind the closure, Paramonov said decisions of this kind are usually forced by circumstances rather than choice. He did not elaborate on the factors that led Hazeflow to shut down or whether financial, operational, or market-related issues played a role. Although the company is closing, Paramonov said he views the experience positively and expressed gratitude to the people who helped build the business. He thanked Hazeflow‘s clients, partners, and employees, calling the firm’s run a good one. Before









