Crypto denizens of crypto Twitter were anything but sedentary

Crypto denizens of crypto Twitter were anything but sedentary

The US Department of Justice has again offered little to the international crypto community to chew on this week. However, VanEck's SEC-approved Ethereum futures ETF was confirmed on Thursday, adding modest gains to the bags of Ethereum holders. Beyond that, Washington's lawmakers appear to be dragging their feet compared to European counterparts-distracted as they were with a very close call with a government shutdown.

The denizens of Crypto Twitter, however, were anything but sedentary. The week began with news of an exploit of $200 million on Mixin Network, a decentralized exchange-slash-wallet project that enables cross-chain cryptocurrency transfers.

In other news, the Seychelles-based exchange HTX was also exploited. TRON's CEO and HTX advisor Justin Sun also offered the hackers a substantial bounty-he even offered them a job.

A government affairs director at Paradigm, Alexander Grieve, wrote about the dangers of seeing computing power as a national resource. While this has not happened in the U.S. so far, Grieve's reflections were sparked by a Semafor article that hinted it could be a potential avenue for lawmakers to explore.

On Tuesday, popular crypto-sleuth ZachXBT couldn't resist doxxing Ben Armstrong after he posted on Twitter that he was in a'special location'. Armstrong, 30, was arrested in the middle of his livestream to 2,500 people. What is the charge? Loitering at a former business partner's house.

Crypto analyst Adam Cochran said TRON CEO Justin Sun is in tougher financial straits than he lets on. While Cochran's warning is only speculation, he recalls last year when ostensibly solvent crypto companies fell one after the other.

James Seyffert, the ETF's analyst, said the SEC had engaged in yet more delaying tactics in dealing with the pending Bitcoin ETF applications the regulator has to review.

One of the most popular fads on Twitter this week was sharing videos of SEC Chairman Gary Gensler being interrogated by the House Financial Services Committee.

Aaand here's a picture of a couple of blockchain fans in Washington that photobombed the Sheriff of Cryptoville.

Binance said on Wednesday that it would liquidate its Russian arm.

Changpeng's CEO, Changpeng 'CZ' Zhao, must have been fielding many questions about the deal, because he hit Twitter to set the record straight.

Later in the week, Adam Cochran returned with an impressive 25-tweet thread exploring hidden connections between Binance, Russia, and Prigozhin, the Russian rebel who led a one-day revolt against Putin earlier this year.