HomeCryptoThis Week on Crypto Twitter: Has SBF Moved Money? Man Utd NFT under fire. Eisenberg arrested!
This Week on Crypto Twitter: Has SBF Moved Money? Man Utd NFT under fire. Eisenberg arrested!
December 31, 2022
Markets were mostly frozen this weekwith most major cryptocurrencies seeing very little price movement at the end of the year, with the exception of an unfortunate few, most notably Solana and Dogecoin, which suffered double-digit percentage drops.
It was another week of relatively few adoption moves or cryptocurrency sendings from Washington. The industry has all eyes on the judicial saga of FTX’s undoing. But there were still enough news moments to get Crypto Twitter excited.
News broke Tuesday of the arrest of Avraham Eisenberg, a New Yorker who allegedly has million milked from cryptographic exploits.
Eisenberg’s name resurfaced in October when he shoplifted over 100 million dollars from cryptocurrency trading platform Mango Markets, he returned $67 million and (at the time) got away with it, claiming his actions were in the interest of depositors, completely legal, and backed by a larger organization behind him.
Meanwhile, the widow of Hal Finney, an early contributor to Bitcoin and recipient of the first transaction on the network, has 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 following the instructions. Or follow us @RunningBTC21k. Every little thing helps and we are grateful for your support. 4/5
A disgruntled investor at cryptocurrency investment firm Multicoin Capital shared a received letter that should have been sent back in November, when the FTX crisis hit. Multicoin appears to have been heavily impacted by both direct and indirect exposure to FTX, especially its whale-sized Solana hoard (SOL).
Due to Solana’s strong ties to FTX, SOL has been in free fall for the past couple of months; she just hit a minimum of two years as it struggles to stay above the $10 support level.
I finally received my November investor statement from Multicoin Capital. In the last 11 months the hedge fund is down a whopping 90% and they still have a lot of toxic shit on their hands. Time to close the fund, guys? Oh, and congrats on narrowly passing your benchmark $GOL 🙄 https://t.co/iLY96kqNUG
Sam came back online an hour later to provide a follow-up where he offered to advise regulators. That seems unlikely as he faces eight felony fraud charges, but anything is possible in cryptocurrency.
I believe it is likely that various legitimate legs of FTX have the ability to access these funds; let’s hope that’s what’s happening here. If not, hopefully one will step in soon to do so. I’d be happy to help advise regulators on this if anyone so desired.