Even under house arrest, lonely and supposedly cut off from the internet, disgraced FTX founder Sam-Bankman Fried still haunts the crypto world. Blockchain sleuths this week investigated whether he—or someone in his inner circle—was behind one of the latest large rug-pulls.
As it became increasingly clear that the latest flash-in-the-pan memecoin $BALD was just another scam, blockchain watchers began to pull at an unexpected thread, uncovering connections between the wallet that benefitted from the massive rug-pull and Sam Bankman-Fried.
The scenario would be highly unlikely given that SBF is under house arrest at his parents’ home on the Stanford University campus, forbidden from accessing much of the internet.
Yet, the scammer wrote Twitter posts that soundedlike SBF. received funds from Alameda Research, and even had links to the flurry of transactions that ultimately led to the collapse of UST—an event that snowballed into last year’s crypto crash.
As with most Crypto Twitter obsessions, the mystery eventually faded as other scandals captured its attention.
🪙 Coin of the moment
Not all memecoins were a disappointment, as perennial Dogecoin spinoff favorite Shiba Inu (SHIB) logged the best week out of the Top 20 cryptocurrencies, according to CoinGecko. Trading today at $0.000009 (that’s about one thousandth of a penny), it still enjoys a $5 billion market cap and is up a solid 11 percent over the past seven days.
The reason? Likely a decisive move by SHIB developers to give their token genuine utility related to digital identity, hoping to shed the label of memecoin. The Shibarium bridge to Ethereum is also coming soon.
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MetalCore is an upcoming mech shooter developed by Studio 369, and it’s being developed on Ethereum scaling network Immutable zkEVM. Decrypt contributor Ryan Gladwin played through the prologue and tested out the recent Alpha 3 online experience to get a sense of the NFT-infused mash-up of Titanfall and Destiny.
