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

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

    adminBy adminJanuary 1, 2023No Comments4 Mins Read
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    Illustration by Mitchell Preffer for Decrypt

    The market is the same as usual frozen this weekwith most of the leading cryptocurrencies seeing very little price movement to end the year, except for some unfortunates-especially Solana and Dogecoin, which suffered double-digit percentage drops.

    It’s another week of some crypto adoption moves or shipments from Washington. The industry has all eyes on it The courtroom saga of FTX is unraveling. But there is still enough news to make Crypto Twitter excited.

    On Tuesday, news broke of the alleged arrest of Avraham Eisenberg, a New York resident milked million of crypto exploitation.

    Eisenberg’s name came up again in October when he stole it over $100 million from the crypto trading platform Mango Markets, returned $ 67 million from it, and (at the time) got away with it, claiming that it was in the interest of depositors, legally, and made by a larger organization behind them.

    Meanwhile, the widow of Hal Finney, an early Bitcoin contributor and recipient of the network’s first transaction, announced a Bitcoin-themed fundraising marathon to raise money for research into ALS, the neurodegenerative disease that killed Finney in 2014.

    If you would like to participate in the ‘Running Bitcoin’ event and make a donation, you can do so by visiting our website. https://t.co/VfKft7m3Gz and follow the instructions there. Or you follow us @RunningBTC21k. Every little bit helps, and we thank you for your support. 4/5

    – half (@half) December 27, 2022

    One of the disgruntled investors in the crypto investment company Multicoin Capital shared a message he received that should have been sent back in November, when the FTX crisis started. Multicoin seems to be heavily affected by direct and indirect exposure to FTX, especially the whale-sized Solana (SOL) hoard.

    Due to Solana’s strong ties to FTX, SOL has been in freefall for the last two months; it just hit a two years less while struggling to stay above the $10 support level.

    I finally received the Nov investor statement from Multicoin Capital. Over the past 11 months, hedge funds are down 90%, and they’re still holding a bag of toxic shit. Time to close the fund down guys? Oh, and congrats on barely outperforming the benchmark $SOL 🙄 https://t.co/iLY96kqNUG

    – Soldman Gachs (@DrSoldmanGachs) December 27, 2022

    Vitalik Buterin on Thursday tweeted his support for the developer community and the deeply disappointed Solana fans.

    Some smart people tell me that there is a smart developer community in Solana, and now that the bad opportunistic money is gone, the chain has a bright future.

    It’s hard for me to say from the outside, but I hope the community gets a fair chance to move forward🦾🦾

    — vitalik.eth (@VitalikButerin) December 29, 2022

    On Tuesday, NFT enthusiasts were eagle-eyed @ClownVamp looks like outright plagiarism on Manchester United’s new Tezos-based NFT collection. ClownVamp tweeted solid evidence in the thread.

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

    Finally, there are, on-chain sleuths like @ZachXBT noticed that seven digits of funds from the wallet are linked to Alameda Research they were moved through transaction policy mixers.

    Sam Bankman-Fried (SBF) was quick to deny any involvement, but Twitter was quick to roast him.

    So you use the internet to tweet but you promise not to check under the seat cushion for spare change

    – happy new year (@nic__carter) December 30, 2022

    Ayou, all…

    Oh ok this is the end

    – Brad Michelson (@BradMichelson) December 30, 2022

    Sam came back online an hour later to post a follow-up offering to advise the regulator. That seems unlikely when he faces eight counts of criminal fraud, but anything is possible in crypto.

    I believe that there are various legal FTX legs that have the ability to access these funds; hopefully that’s what’s going on here. If not, I hope there is one step to make it work. I will be happy to advise the regulator on this if there is any interest.

    — SBF (@SBF_FTX) December 30, 2022

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