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10 crypto tweets that aged like milk: 2022 edition

December 30, 2022No Comments

To put it lightly, it's been a wild year for the cryptocurrency sector.

In the span of less than 12 months, the third most valuable stablecoin imploded, setting off a ripple effect that led to the bankruptcy of crypto lender Celsius, the founders of Three Arrows Capital on a rampage, and one of crypto's most "altruistic" executives. he flew home in handcuffs.

In this article, Cointelegraph has selected 10 cryptocurrency-related tweets that have aged like spoiled milk.

Do Kwon โ€“ "Steady Guys"

On May 10, just as the algo-stablecoin formerly known as TerraUSD was beginning to fall below its dollar peg, the Terraform Labs founder tried to allay fears of further decoupling, tweeting: "Deploying more capital stable guys ".

Well, we all know what happened next. The collapse of the Terra ecosystem in May 2022 led to the removal of more than $40 billion from the market in that month alone.

Since then, Do Kwon and the rest of the Terra community have tried to revive the project with a newer stablecoin in the works. TerraUSD has since been renamed to TerraClassicUSD (USTC) and is worth $0.02 at the time of writing.

Do Kwon โ€” โ€œYour size is not sizeโ€

Next on the list is Kwon's famous response to cryptocurrency trader Algod, who noted on March 9 that if LUNA "breaks new ATHs, I'll shorten it by size." He's a big-ass ponzi, pretty sure VCs will hedge their investments with criminals, too."

Kwon then responded by calling Algod essentially poor, saying, "Yeah, but its size ain't size" before adding, "$10 less entrees, everyone take cover."

This, of course, was reminded of Kwon on many occasions during and after he went into damage control mode when TerraUSD went out of control.

SBF โ€” โ€œSell me everything you want. Then fuck off.

Sam Bankman-Fried (SBF) has an almost infinite number of statements that probably look terrible in the current circumstances. Not only has he lied about "the assets are fine," but shortly before his company went bankrupt, the founder of FTX also left us the $3 Solana (SUN) meme.

In a January Twitter discussion, cryptocurrency trader CoinMamba got into the shoes of SBF in January 2021, suggesting that SOL was a great opportunity to short above the $3 price.

After an argument in which the two were trying to settle a future price bet, SBF finally got fed up with CoinMamba's SOL taunts, saying:

โ€œI will buy all the SOL you have, right now, at $3. Sell โ€‹โ€‹me everything you want. Then fuck off.

The comment became legendary in the crypto community, particularly after the SOL price reached an all-time high of $259.96 on November 6, 2021.

However, CoinMamba appears to have had the last laugh, as the Bankman-Fried firm catastrophically collapsed a year later.

In response to the nearly two-year thread, CoinMamba gave Bankman-Fried a taste of his own medicine. โ€œI'll buy everything you own, right now, for $3. Sell โ€‹โ€‹me everything you want. Then fuck off.

Alex Mashinsky: "All funds are safe."

In the midst of the LUNA fiasco in May, rumors began to circulate that Celsius was having liquidity problems and could be headed for serious trouble, while others had affirmed the firm had already been "completely annihilated."

In an attempt to quickly reassure Celsius customers, Mashinsky responded to the rumors by saying stating In a May 12 tweet: "Despite extreme market volatility, Celsius has not experienced significant losses," adding:

"All funds are safe."

These four words became a harbinger of doom for the industry.

A month later, on June 12, the firm stopped all withdrawals. On July 13, he filed for Chapter 11 bankruptcy. Users are still struggling to get even a portion of their funds back as we speak.

Celsius: "If you don't have free and unlimited access to your own funds, are they really *your* funds?"

Accompanying Mashinsky is a Celsius Network classic, in which the firm touted the whole "unseat yourself" slogan. The crypto lender often suggested that it was more trustworthy than the banking system.

In a November 14, 2019 tweet, the Celsius Network tweeted: "If you don't have free and unlimited access to your own funds, are they really *your* funds?" before adding:

"#UnbankYourself with Celsius and join the next generation of financial services: no fees, no penalties, no lock-ins, just profit."

That statement hasn't fared too well in 2022.

In the midst of its Chapter 11 bankruptcy proceedings, users have not had access to their locked funds, while earnings are also in question, considering they may not get all the funds back.

Voyager: โ€œWe have the experience to [...] weather any bear market.โ€

Following in a similar vein to Celsius and Mashinky, Voyager, another bankrupt crypto lender, posted a lengthy Twitter thread in June, which now seems a bit out of place as 2022 draws to a close.

In an attempt to reassure clients that the company was safe during the bear market that followed the collapse of the Terra ecosystem, Voyager assured clients that it carefully manages "risk" and that its mission is to "make cryptocurrency what it is." safest possible."

โ€œOur simple, low-risk approach to asset management is the result of our decades of experience leading companies through market cycles. We have the experience to back our decisions and weather any bear market.โ€

Over the next two weeks, the company was widely reported to be facing liquidity problems, and by July 5, Voyager filed for bankruptcy.

TechCrunch: "ETH's collapse is inevitable"

Next in line is a tweet dating back to 2018 from fintech news outlet TechCrunch stating: โ€œETH collapse is inevitable.โ€

The tweet is accompanied by an extremely pessimistic article in which the author, Jeremy Rubin, predicts that โ€œETH, the asset, not the Ethereum network itself, will go down to zero.โ€

Rubin, who revealed at the end of the article that it was a Bitcoin (BTC) and Litecoin (LTC) hodler at the time, bizarrely suggests that if the Ethereum network completes everything on its roadmap, no one will have any use for the asset.

However, at the time of writing this article, Ether (ETH) is priced at $1,196 and presents a number of reasons for people to want to hold it: staking rewards, loans, loans, and deflationary economic tokens.

In addition, it also serves public service purposes, such as powering transactions on the largest smart contract network on the market.

Click "Collect" under the illustration at the top of the page or follow this link.

Avraham Eisenberg - "What are you going to do, arrest me?"

Avraham Eisenberg, the cryptocurrency trader behind decentralized exchange Mango Markets' $110 million exploit, is on the list due to an October tweet that looks dire in the current circumstances.

The tweet itself revolves around a rather harmless back-and-forth regarding Eisenberg's misuse of the @inversebrah tag, with Sheik Swampert noting, "You don't call yourself inversebrah mate."

In response, Eisenberg said, "What are you going to do, arrest me?"

Starting this week, Eisenberg has actually been arrested and is facing charges of market manipulation for exploiting Mango Markets, which he had always maintained was "a highly profitable trading strategy" facilitated through "open market legal action."

As such, this tweet has quickly become a popular meme that will likely endure for a long time in Crypto Twitter folklore.

Fortune โ€” SBF, the โ€œnext Warren Buffetโ€

US business magazine Fortune has also been included on this list for speaking highly of SBF in August.

In a Twitter thread, the publication labeled him the โ€œde facto leader of the crypto communityโ€ before suggesting that he was the โ€œnext Warren Buffet, the White Knight of Cryptoโ€ and the โ€œPrince of Risk.โ€

Kevin O'Leary: "I'm going to use FTX to increase my allocation"

shark tankKevin O'Leary's Kevin O'Leary, aka Mr. Wonderful, made the list because of his endorsement of FTX and its former CEO, Sam Bankman-Fried.

O'Leary's now-deleted tweet came on August 10, 2021, after he signed an agreement to become a spokesperson for FTX. In the tweet, he emphasized:

"Finally solved my #crypto compliance issues. I'm going to use FTX to increase my allocation and use the platform to manage my portfolios."

Unfortunately for O'Leary, FTX was anything but accommodating, and the millionaire said he has probably lost the entire $15 million he was paid to be the spokesperson for FTX after taxes, agent fees, and all the crypto he kept on the exchange was lost after the company went bankrupt.