This week on Crypto Twitter: Did Israeli regulators know how insolvent Celsius was? And did Bitboy really let Atozy off the hook?

It was an underwhelming week; the prices of all leading cryptocurrencies went down in the last seven days, but not by much. There were relatively fewer stories about crypto adoption, or regulation, or new disasters from the ongoing crypto winter than usual.

On crypto-Twitter, things were more animated. On Monday, Brian Armstrong, CEO of Coinbase, shared a table of how crypto regulations are evolving among G20 states.

But how much does Armstrong really celebrate? A graph shared that day by blockchain research group Arcane Research shows that the amount of Bitcoin leaving exchanges has reached new highs since Terra’s collapse.

Billionaire investor and Dallas Mavericks owner Mark Cuban blamed US Securities and Exchange Commission (SEC) Chairman Gary Gensler for not giving crypto lenders guidelines clear enough to respond to.

Maya Zehavi, a founding board member of the Israeli Blockchain Industry Forum, pleaded that Israeli regulators may have known more about the insolvency of now-bankrupt crypto lender Celsius than US authorities, since Celsius is partially run from offices in Tel Aviv. Back in March, former Celsius CFO Yaron Shalem was one of ten suspects arrested on suspicion of massive crypto fraud, along with crypto mogul Moshe Hogeg.

YouTube crypto commentator Ben Armstrong, who goes by the name “BitBoy Crypto,” announced Wednesday that he is dropping his lawsuit against Erling Mengshoel Jr., also known as Atozy, because he never intended the case to go public. Crypto podcaster Cobie tweeted that the actions of Bitboy’s lawyers tell a different story.

Maggie Love, co-founder and director of cloud computing and storage provider W3BCLOUD, asked an important question: How decentralized is Ethereum if most of the nodes are hosted by cloud services, and most of those nodes are under the control of Amazon Web Services?

NFT Twitter

On Monday, Farokh Sarmad, the founder of the crypto-centric Rug Radio, was surprised by the sale price of a Pudgy Penguin NFT. Crypto scout ZachXBT flatly exposed Sarmad’s tweet as a shameless pump.

NFT investor @franklinisbored accidentally lost a lot of ETH on 60 Bored Ape Yacht Club NFTs. It’s not just a first world problem. It’s a Web3 world problem.

ZachXBT returned on Wednesday with an impressive expose of Cameron Redman, a man who hacked various notable Twitter accounts in the NFT space, including NounsDAO and leading crypto artist Beeple.

Finally, software engineer Molly White believes that NFT projects are generally in over their heads when it comes to making video games.

Tornado Cash

The US Treasury Department’s move to ban crypto transaction privacy tool Tornado Cash continued to spark new revelations on crypto-Twitter. Crypto reporter Brady Dale pointed out that Tornado Cash’s Wikipedia page appeared to be suppressed on Google. (It turned out that the page was created after the sanction, and Wikipedia routinely blocks search engine crawling of new pages.)

Finally, Jerry Brito, CEO of the crypto think tank Coin Center, said that the US Treasury’s Office of Foreign Asset Control likely does not have the authority to go after Tornado Cash.