Foxbit is a famous crypto exchange in Brazil. The co-founder at Foxbit, Luís Schiavon popular as Guto left this world in dilemma. According to the news outlet, the accident includes three vehicles facing poor weather conditions.
The driver driving the car of Guto lost control which ends up hit by a vehicle from the opposite direction. Just after these 2 vehicles hit each other, a truck not being able to move away also hits the vehicle. In this accident, emergency services rescue four persons, from which two are in serious condition. However, sadly Guto passes away.
Guto helps develop the cryptocurrency exchange– Foxbit, issuing a death note claiming the Bachelor at Information Systems supports it to have around 400,000 users and 5 billion Brazilian reais transaction ($1.2 billion) ever since 2014. Also, the note reads:
We communicate with deep regret the death of the founder and director of Foxbit Operations, Luís Augusto Schiavon Ramos, Guto, at the age of 24, on the afternoon of this Tuesday, December 25th, a victim of an automobile accident on the João Ribeiro de Barros -294), in Marília (SP)…. Foxbit is giving all solidarity and support to Guto’s family.
Another news outlet specifies Guto was amongst the most known crypto entrepreneurs in Brazil. Also, mentions about his business partner and a very good friend to help him develop Foxbit- João Canhada.
Right from a young age, Guto was a prominent internet freak. Prior to developing Foxbit, he introduces a crypto service- Pay with Bitcoin helping crypto adoption enhancement. Moreover, this service is still in action with a boom.
The report says him to find most about bitcoin in 2011, however, realize the content to be more technical and scarce, hence results in losing interest. After two years, numerous mainstream media outlet starts discussing bitcoin and its skyrocketing prices. So, then he decides to peak his interest within the field. Meanwhile, in a blog post mentioning his life, he writes:
Then [the] curiosity returned! Around 2013, I joined a Facebook group called ‘Bitcoin Brazil’ and started to study more about it. I bought a video card, mined Litecoin and wrote several articles for blogs
Sometimes later, he creates his own cryptocurrency exchange with the help of João Canhada. They aim to make a difference within the Brazilian cryptocurrency community. Recalling the initial few days, he states that it was not a matter if it was Christmas, Easter or New Year’s, as they have been always working to fix and innovate user’s satisfaction.