Beeple and Bitboy clash on Twitter!

READ TIME - 1 min 40 seconds

Author

Daniel Akpobare
May 19, 2023

GM, this is The Crypto Explorer, the only newsletter with headlines so hot our writer can't stand the heat! 🥵

Here’s what we got for you today:

  • 🗑️ Ledger Deletes Damaging Tweet on Wallet Safety.

  • 🤼 Beeple and Bitboy Clash on Twitter!

  • 🧱 Around The Block: Bitcoin price retests key support

 Beeple and Bitboy Clash on Twitter!

We have a crypto Twitter war on our hands. ⚔️

And it’s between renowned digital artist Mike "Beeple" Winklemann and a popular crypto influencer, Ben Armstrong (known as Bitboy).

Recently, Beeple dropped a bombshell. 💣

He shared a graphic image of Bitboy joyfully getting a fecal shower from a giant Bored Ape. 🙊💩 

Bitboy retaliated with a comeback that was a little... well, let's just say it missed the mark.🥴

He compared Beeple to a notorious serial killer, Jeffrey Dahmer, but he misspelled Dahmer's name as "Dahlmer."

Spelling mistakes can be quite the killjoy, can't they? 😜

We’re even more surprised that bitboy isn't threatening to sue.🧑‍⚖️

So what sparked this fiery feud in the first place?

It all began with Bitboy's involvement in a controversial financial venture related to a cryptocurrency token called BEN.

The Ethereum-based BEN token was initially created by another influential crypto figure named Ben.eth.

And although the token had little value at its launch, Bitboy saw an opportunity and struck a deal with Ben.eth.

In exchange for a 20% stake in the token and control over its liquidity pool, Bitboy committed to paying approximately $430,000 in ETH and stablecoins.

The crypto community wasn't exactly thrilled with Bitboy's power move.

Many mocked Bitboy for the deal, labeling it “mind-blowing idiocy” that would surely land Ben.eth in the “scammer hall of fame.”

But Bitboy defended his investment.

He claimed that he had no intention of manipulating the token's price and was genuinely passionate about his own name.

To prove his commitment, Bitboy even publicly shared his ETH wallet address and vowed not to touch any BEN tokens from it for the next six months.

Here's where things get interesting - just a week later, it was discovered that Bitboy had indeed dumped all his BEN tokens, contradicting his earlier pledge.

I still don't get it how bitboy isn’t arrested by now...

Of course, Bitboy had an explanation up his sleeve.

He claimed that dump was a necessary step to bring the BEN token to a jaw-dropping $500 million market cap.

He just conveniently forgot to mention it.🙄

Even if it’s true, does anyone still trust him?

Only time will tell, my friends. Stay tuned! 📺⏳😜

In the meantime, you can read the full story here.

Ledger Deletes Damaging Tweet on Wallet Safety.

Ledger in hot water! 🚨

Their new firmware update, "Ledger Recover," has caused quite an uproar in the crypto community.

In case you don’t know: Ledger Recover is a subscription-based service that splits private keys into three encrypted shards stored with different centralized providers, including Ledger. Users must provide personal information to use this service, which led to concerns about the added code path that could potentially expose private keys to third parties.

Ledger tried to put out the fire via a tweet. 🔥🧯

But (the now-deleted tweet) ended up doing more damage than good. 😞

Here's a screenshot of the tweet:

Essentially, they said you could have always been f*cked over whether you knew or not. 😱

And to make matters worse, Ledger's CTO, Charles Guillemet, now claims that all wallets have potential vulnerabilities and that some level of trust is necessary when using third-party wallets, even if they are open source.

Their only job was to build an impenetrable wallet, they told us they did, and now we find out there has always been a back door… That doesn’t sit well. 😡

Many crypto experts, including "foobar," a developer and auditor, are advising everyone to ditch Ledger's devices.

Ledger was pretty much the industry standard for hardware wallets, we can't believe they managed to destroy their hard-earn reputation so fast!

Trezor's team (Ledger's competitor) must be celebrating this Ledger su*cide move.

This is a developing story, and you can go here to read the full story.

🧱 Around The Block: Bitcoin Price Retests Key Support

That's all we've got for you today.

Please don't forget to rate today's email and let us know what you like about it.

In any case, see you tomorrow, or on Twitter, if you're there: @danielakpobare

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research

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