Crypto currency stunt on Everest linked to Sherpa guide’s death

Kathmandu – A promotional stunt by an Irish tech company to bury $100,000 worth of a new cryptocurrency at Everest’s summit has been linked to the death of a Sherpa guide, the company said on Saturday.

Social networking startup has become embroiled in controversy after a Sherpa who guided four climbers sponsored by the company went missing near the peak’s summit in mid-May.

“We are now aware that one of the Sherpas who assisted our group amongst others, went missing during the descent,” the company said in a statement.

Lama Babu Sherpa has not been seen since 14 May and is presumed dead, Nepal-based Seven Summit Treks, who organised the logistics for the expedition, told AFP.

One of the guide’s crampons and his backpack were found but his body has not been located.

The startup – which is based in Latvia and Ukraine – backed four Ukrainian “crypto enthusiasts” to climb the world’s highest peak carrying two smart cards loaded with one million tokens of the company’s yet-to-be released cryptocurrency.

Three of the sponsored climbers reached the summit of the 8, 848m mountain and buried one of the smart cards.

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