This Week On Crypto Twitter: Another Elon Musk Company Acknowledged Dogecoin and 3AC’s Founders Could Flee

on crypto twitter this week — Illustration by Mitchell Preffer for Decryption

The week was truly a mixed bag.

Leading cryptocurrencies reclaimed lost land After weeks of general declines, but on the business side of things, Vauld and Voyager are the latest crypto lenders. fight bankruptcy After Celsius and BlockFi.

Accordingly, leading crypto hedge fund Three Arrows Capital (3AC) has recently Chapter 15 filed for bankruptcyand now the company’s lawyers cannot locate its founders, Su Zhu and Kyle Davies, according to this file.

3AC’s attorney and liquidation representatives… do not know where co-founders Su Zhu and Kyle Davies are. From Friday’s bankruptcy filing: pic.twitter.com/oy8jHMYHFg

— Lucinda Shen (@ShenLucinda) July 5, 2022

sat down, crypto rescues begin, led by billionaire Sam Bankman-Fried. Exchange FTX, extended $250 million loan last month battered crypto lender BlockFi. The next day, another SBF company, Alameda Research, made a $500 million loan to Voyager Digital. Two weeks later, FTX had an agreement To buy BlockFi directly. Now, Alameda is already owed to Voyager $377 million, so this was a borrower who bailed out the lender.

Binance CEO Changpeng “CZ” Zhao criticized the deal in an interview. Decrypt’s gm podcast. CZ also said he wanted to make several recovery plans on his own: “Some are actually good deals. So you’ll see that we’re going to invest, we’re going to save and we’re going to save multiple projects.”

Happy to return the Voyager loan and get our collateral back when working for Voyager

— Alameda Research (@AlamedaResearch) 8 July 2022

TRON’s Justin Sun has also made it clear that he is ready.

Worst. Chewing. Non-stop.

At the beginning of the week came the news that personal data was revealed. more than a billion people was obtained from a Offered for Shanghai police database and 10 Bitcoin (worth $202,000 at the time).

#shanghai The biggest user privacy breach ever suffered:

1B+ Chinese citizen. Data includes:
✅ name
✅ Address
✅ Place of birth
✅ National Identity #
✅ Mobile #
✅ All crime/case details
💰 All for 10 BTC

Web3 (and still can) should be better.https://t.co/c3xo1NE9GE

— 🤓Kenny 🦇🔊 (ETHcc Paris | DM me to meet up!) (@superanonymousk) July 3, 2022

According to Bloomberg, the data included everything from names and national identification numbers to cell phone numbers and food orders. And there were timestamps of when the details were recorded.

CZ made a technical statement.

rich men

Billionaire CEOs and crypto HODLers Michael Saylor and Elon Musk sold their favorite coins this week. Saylor has tweeted about how much Bitcoin has risen in value since his company MicroStrategy announced its initial plan. buy and HODL. (He neglected to say that he still is depending on your investment.)

On August 11, 2020, @MicroStrategy embarked for it #Bitcoin The strategy yielded 21,454 bitcoins with a total purchase price of $250 million.

BTC’s performance since then +83%, $MSTR +79%, S&P +16%, Nasdaq +6%, Gold -14%, Bonds -16% and Silver -33%.

— Michael Saylor⚡️ (@saylor) 8 July 2022

and CNN Business reported The Boring Company, another company of Elon Musk, Will accept Dogecoin In Las Vegas to board a new underground public transportation system that allows passengers to zip around the city in Teslas at around 35 mph.

Supporting Doge wherever possible

— Elon Musk (@elonmusk) 6 July 2022

And finally

AND big interruption The rise of mobile and internet networks across Canada has prompted TrustSwap CEO and Bitcoin advocate Jeff Kirdeikis to think about his favorite cryptocurrency.

The banking system, including all debit cards, does not currently work in Canada. No one can pay for anything.

Maybe this Bitcoin thing has some use.

— Jeff Kirdeikis 🔁 (@JeffKirdeikis) 8 July 2022