This week on Crypto Twitter: Did SBF transfer money? Man Utd NFTs under fire. Eisenberg arrested!

Illustration by Mitchell Preffer for Decrypt

The markets were mostly frozen this weekwith most of the leading cryptocurrencies seeing very little price movement by the end of the year, apart from a few unlucky ones—notably Solana and Dogecoin, which suffered double-digit percentage declines.

It was another week of relatively few crypto adoptions or shipments from Washington. The industry has all eyes on the court saga over the unraveling of FTX. But there were still enough moments in the news to get Crypto Twitter excited.

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

Eisenberg’s name came up again in October when he stole over 100 million dollars from crypto trading platform Mango Markets, returned $67 million of that, and (at the time) got away with it, claiming that his actions were in the interest of depositors, completely legal, and supported by a larger organization behind him.

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

One disgruntled investor in crypto investment firm Multicoin Capital shared a letter they received that really should have been sent back in November, when the FTX crisis began. Multicoin appears to have been heavily impacted by both direct and indirect exposure to FTX, particularly its whale-sized stock Solana (SOL).

Due to Solana’s strong ties to FTX, SOL has been in freefall for the past two months; he just hit a two-year minimum as they struggle to stay above the $10 support level.

On Thursday, Vitalik Buterin tweeted his support for Solana’s community of deeply disappointed developers and fans.

On Tuesday, the eagle-eyed NFT enthusiast @KlaunVamp spotted what looks like outright plagiarism in Manchester United’s new Tezos-based NFT collection. ClownVamp tweeted his compelling evidence in the thread.

The next day, a fake South Park FTX made up by fans and its disgraced former CEO made the rounds in CT.

Finally, on Friday, detectives on the chain love @ZachXBT noted that seven-figure funds from wallets associated with Alameda Research were moved through transaction privacy mixers.

Sam Bankman-Fried (SBF) was quick to deny any involvement, but was quickly grilled by Twitter.

ANDyou were all…

Sam came back online an hour later to deliver a follow-up offering to advise regulators. That seems unlikely to happen as he faces eight felony fraud charges, but anything is possible in cryptocurrency.

Stay up to date with crypto news, receive daily updates in your inbox.

Leave a Comment

Your email address will not be published. Required fields are marked *