This Week on Crypto Twitter: Did SBF Move Money? Man Utd NFTs Under Fire. Eisenberg Arrested!

This Week on Crypto Twitter: Did SBF Move Money? Man Utd NFTs Under Fire. Eisenberg Arrested!

Illustration by Mitchell Preffer for Decrypt

Markets had been largely frozen this week, with a lot of the main cryptocurrencies seeing little or no worth motion to finish the yr, apart from the unfortunate few—specifically Solana and Dogecoin, which suffered double-digit proportion drops.

It was one other week of comparatively few adoption strikes or crypto dispatches from Washington. The trade has all of its eyes on the courtroom saga of FTX’s unraveling. But there have been nonetheless sufficient information moments to get Crypto Twitter excited.

On Tuesday, information broke of the arrest of Avraham Eisenberg, a New Yorker who has allegedly milked millions from crypto exploits. 

Eisenberg’s identify resurfaced in October when he stole over $100 million from crypto buying and selling platform Mango Markets, returned $67 million of it, and (on the time) bought away with it, claiming his actions had been within the pursuits of depositors, totally authorized, and backed by a bigger group behind him. 

Meanwhile, the widow of Hal Finney, an early Bitcoin contributor and receiver of the primary transaction on the community, introduced a Bitcoin-themed fundraiser marathon to boost cash for analysis into ALS, the neurodegenerative illness that killed Finney again in 2014. 

One disgruntled investor in crypto funding agency Multicoin Capital shared a missive they’d acquired that ought to actually have been despatched again in November, when the FTX disaster began. Multicoin seems to have been closely affected by each direct and oblique publicity to FTX, specifically its whale-sized hoard of Solana (SOL).

Due to Solana’s robust ties to FTX, SOL has been in freefall for the final two months; it simply hit a two-year low whereas struggling to remain above the $10 assist stage. 

Vitalik Buterin on Thursday tweeted his assist for Solana’s group of deeply upset builders and followers. 

On Tuesday, eagle-eyed NFT fanatic @ClownVamp noticed what appears like outright plagiarism in Manchester United’s new Tezos-based NFT assortment. ClownVamp tweeted their compelling proof in a thread. 

The following day, a fan-made South Park spoof of FTX and its disgraced former CEO made the rounds on CT.

Finally, on Friday, on-chain sleuths like @ZachXBT seen that seven-digit funds from wallets linked to Alameda Research were being moved by transaction privateness mixers. 

Sam Bankman-Fried (SBF) was fast to disclaim all involvement, however Twitter was fast to roast him. 

As you had been, everybody… 

Sam got here again on-line an hour later to ship a follow-up wherein he supplied to advise regulators. That appears unlikely to occur whereas he faces eight legal fraud costs, however something is feasible in crypto.

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About the Author: Daniel