This week on Crypto Twitter: Celsius data leak causes fury, Jim Cramer brags about roast

Crypto prices barely moved this week. In the context of 2022, that doesn’t necessarily mean it was a bad week, just slow. Most weeks this year have produced losses. For those who have followed prices closely, this is no surprise. On New Year’s Day, Bitcoin posted an intraday low of $46k; yesterday it bottomed out at close to $19k.

In other words, if 2021 was Bitcoin’s great bull run, then 2022 has been more of a bear run. Investors are feeling more cautious than last year for a number of reasons, but three big factors have been the collapse of Terra back in May – which had profound consequences for the liquidity of several major crypto companies – increased scrutiny from regulators around the world, and a generally cautious global economy.

On Monday, Kim Kardashian was fined 1.26 million dollars after failing to disclose that she was paid $250,000 to publish an Instagram post shilling a token called EthereumMax. United States Securities and Exchange Commission (SEC) Chairman Gary Gensler posted a video on Twitter warning his quarter of a million followers not to buy into crypto purely because of celebrity endorsements.

Executioner explained on the day Kardashian ran afoul of SEC regulations when the hashtag she used to notify her followers that the campaign was being paid for did not clarify “the amount she was paid and the nature of it.” The head of the securities regulator has long suggested that the only cryptocurrency he believes does not fall under his jurisdiction is Bitcoin.

As crypto becomes more popular, so does cryptocrime. ROK Capital researcher @Crypto_Mckenna warned people on Monday about crypto crime in Bogota during the conference season.

On Tuesday, crypto gumshoe ZachXBT posted a new megathread showing the results of his investigation into a Twitter hack earlier this year in which a lot of crypto was stolen.

Crypto artist Beeple, whose Twitter account was compromised to carry out the scam, was rewarded exploration by rendering him in an exclusive piece of art. Zach seemed humbled his answer.

That same day, Coinbase CEO Brian Armstrong shilled a new documentary about the exchange’s recent history.

For second week in a rowTerraform Labs CEO Do Kwon played down rumors that he has sourced funds from Terra’s ecosystem.

Crypto reporter Asa Hicken posted a thread on Thursday summarizing the findings of a recent article by him, concluding that the scale of layoffs taking place at crypto exchange Crypto.com is much higher than commonly believed. In addition to a massive reduction in the number of employees, first reported by Decrypt in August the company also drastically reduced its marketing and sponsorship deals.

Last Friday, bankrupt crypto lender Celsius inexplicably leaked thousands of customer names and transactions in a 14,500-page lawsuit. The compromising document has since been taken down, although no explanation has been given for the leak. Many were rightly concerned about such a massive leak.

DeFi developer @0xfoobar even went so far as to warn that the leak could be a prelude to real violence.

Solana founder Anatoly Yakovenko believes Solana could conceivably become an Ethereum layer 2 if the NFT party migrates to the network.

Bitcoin maxi David Marcus, who formerly headed PayPal, vented his problems with his former company’s draconian new rules. His tweet ended up catching the attention of Tesla CEO and former PayPal CEO Elon Musk.

CNBC Mad Money host Jim Cramer boasted about his crypto trading skills on Friday.

Several people made fun of him.