1inch Co Founder Anton Bukov Launches New Startup Second Tier

Anton Bukov, a key figure behind the development of the 1inch protocol, has officially launched a new startup called Second Tier. Bukov stated that he was fired from his role at 1inch in late November. The company has disputed this version of events, though both parties confirm his time at the firm has come to an end.

Bukov played a major role in building the architecture and security features that helped 1inch become a leader in the decentralized finance space. His departure marks a significant shift for the project as it continues to manage its exchange aggregator services without one of its original architects.

Investors and users are now watching to see what Bukov builds next with Second Tier. While details on the specific goals of the new infrastructure startup remain limited, the industry is keeping a close eye on his transition from a major protocol founder to a new venture.

This situation highlights the ongoing shifts in leadership within the decentralized finance sector. Whether this new project will compete with his previous work or take a different path remains the biggest question for the crypto community.