To put it mildly, it has been a wild year for the cryptocurrency sector.
In less than 12 months, the third most valuable stablecoin imploded, causing a domino effect that led to the bankruptcy of cryptocurrency lender Celsius, the flight of the founders of Three Arrows Capital, and one of the most “altruistic” cryptocurrency executives to return to handcuffed house.
In this article, Cointelegraph has selected 10 cryptocurrency-related tweets that have aged like spoiled milk.
Do Kwon – “Calm down guys”
10th May, just as the algo-stablecoin formerly known as TerraUSD was beginning to fall below its dollar peg, the founder of Terraform Labs tried to allay fears of a further declinetweeting: “Deploying more capital – steady guys.”
Well, we all know what happened next. The collapse of the Terra ecosystem in May 2022 wiped out more than $40 billion from the market in that month alone.
Deploying more capital – steady lads
—Do Kwon (@stablekwon) May 9, 2022
Since then, Do Kwon and the rest of the Terra community have tried to revive the project with a new stablecoin. TerraUSD has been renamed TerraClassicUSD (USTC) and its value at the time of writing is $0.02.
Do Kwon – “Your size is not size”
Next on the list is Kwon’s famous response to cryptocurrency trader Algod, who noted on March 9 that if LUNA “breaks new ATH’s I’ll short big allocations. It’s a big ponzi, I’m sure the VCs will cover too their investments in perps”.
Kwon then hit back by calling Algod essentially poor, stating, “Yeah, but your size isn’t size” before adding, “$10 short incoming, everybody cover.”
Yeah but your size is not size
—Do Kwon (@stablekwon) March 9, 2022
This, of course, was played to Kwon many times during and after he went into damage control mode when TerraUSD went haywire.
SBF – “Sell me all you want. Then fuck off.”
Sam Bankman-Fried (SBF) has an almost endless number of statements that probably sound dire in the current circumstances. Not only has he lied about “assets being fine”, but shortly before his company filed for bankruptcy, the FTX founder also left us with the $3 Solana (SOL) meme.
In a January Twitter debate, cryptocurrency trader CoinMamba stepped into the shoes of SBF in January 2021, suggesting that SOL was a great shorting opportunity above the $3 price.
After a back-and-forth with the two trying to iron things out over the future price, SBF finally got fed up with CoinMamba’s taunts about SOL and said:
“I will buy all the SOL you have, right now, at USD 3. Sell me everything you want. Then fuck off.
The comment became legendary in the crypto community, particularly after the SOL price hit an all-time high of $259.96 on Nov. 6, 2021.
However, CoinMamba appears to have had the last laugh, as the Bankman-Fried firm catastrophically collapsed a year later.
I’ll buy everything you have, right now, at $3.
Sell me all you want.
Then go fuck off. pic.twitter.com/f1eJjqNKIk
— CoinMamba (@coinmamba) November 11, 2022
In response to the nearly two-year thread, CoinMamba gave Bankman-Fried a taste of his own medicine. “I’ll buy you everything you own, right now, for $3. Sell me everything you want. Then get to the f**k.”
Alex Mashinsky – “All funds are safe.”
In the midst of the LUNA fiasco in May, rumors began to float that Celsius was cash-strapped and could be headed for serious trouble, while others had claimed that the company had already been “completely wiped out.”
In an attempt to quickly reassure Celsius customers, Mashinsky responded to the rumors by stating in a May 12 tweet: “Despite extreme market volatility, Celsius has not experienced any significant losses,” adding:
“All funds are safe.”
These four words became a harbinger of catastrophe for the sector.
A month later, on June 12, the company suspended all withdrawals. On July 13, he filed for bankruptcy. At this time, users are still struggling to recover even a part of their funds.
— Make it a quote (@MakeItAQuote) August 6, 2022
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 company touted the slogan “unseat.” 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.
If you don’t have free and unlimited access to your own funds, are they really *your* funds?#UnbankYourself with Celsius and join the next generation of financial services – no fees, no penalties, no lockups, just profit https://t.co/Qsrcu9hmhu
—Celsius (@CelsiusNetwork) November 14, 2019
If you don’t have free and unlimited access to your own funds, are they really *your* funds? #UnbankYourself with Celsius and join the next generation of financial services: no fees, no penalties, no lock-ins, just profit
Voyager: “We have the experience to […] weather any bear market”.
Following in a similar vein to Celsius and Mashinky, Voyager, another failed cryptocurrency lender, posted a long thread on Twitter 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 the crypto industry as simple as safe as possible.”
“Our 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.”
Over the next two weeks, the company was widely reported to be facing liquidity problems, and by July 5, Voyager filed for bankruptcy.
(2/4) We manage risk and prioritize the security of customer funds first and foremost. We keep things simple. No DeFi lending activities, no algorithmic stablecoin staking or lending, no derivative assets, and certainly no stETH.
— Voyager (@investvoyager) June 14, 2022
TechCrunch: “ETH’s collapse is inevitable”
Next in line is a tweet dating back to 2018 from fintech news outlet TechCrunch stating: “ETH collapse is inevitable.”
The tweet is accompanied by an extremely bearish article in which the author, Jeremy Rubin, predicts that “ETH – the asset, not the Ethereum network itself – will go to zero.”
Rubin, who revealed at the end of the article that he 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.
The collapse of ETH is inevitable https://t.co/NxsCPbaO8Z pic.twitter.com/YYPYm7jnSh
— TechCrunch (@TechCrunch) September 2, 2018
At the time of writing these lines, however, Ether (ETH) sits at $1,196 and presents a number of reasons for people to want to hold it: staking rewards, loans, credits, and deflationary tokenomics.
In addition, it also serves utilitarian purposes, such as driving transactions on the largest smart contract network on the market.
Avraham Eisenberg – “What are you going to do, arrest me?”
Avraham Eisenberg, the cryptocurrency trader behind decentralized exchange Mango Markets’ $110 million exploit, makes the list because of an October tweet that sounds dire in the current circumstances.
The tweet itself revolves around a rather innocuous back-and-forth regarding Eisenberg’s misuse of the @inversebrah tag, with Sheik Swampert noting, “You don’t call yourself inversebrah dude.”
In response, Eisenberg said, “What are you going to do, arrest me?”
RIP BOZO pic.twitter.com/8peCRwVR6x
—Sheikh Swampert️ (@sheikhswampert) December 27, 2022
Starting this week, Eisenberg has been arrested and is facing charges of market manipulation over the Mango Markets exploit, which he had consistently 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 most likely live on in Crypto Twitter folklore for a long time.
Fortune – SBF, the “next Warren Buffet”
The American business magazine Fortune has also entered this list for speaking highly of SBF in August.
In a Twitter thread, the publication labeled him the “de facto leader of the crypto community” before suggesting that he was the “next Warren Buffet, the white knight of the crypto industry” and the “Prince of risk.”
2) Some say SBF is the:
NextWarren Buffett
Crypto’s white knight
Prince of risk— FORTUNE (@FortuneMagazine) August 1, 2022
Kevin O’Leary: “I’m going to use FTX to increase my allocation”
Shark Tank’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 compliant, with the millionaire saying he likely lost the $15 million he was paid to be FTX’s spokesperson after taxes, agent fees, and all the cryptocurrency he held on the exchange was lost. after the company goes bankrupt.
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