One defendant in the lawsuit has described the suit as "absurd" and "pretty weird", and said that Smietana has "a history of blaming other people for the failure of Skycoin".
The protesters eventually turned to Bitcoin and other cryptocurrencies for crowdfunding, even appointing a "Bitcoin team lead" who rambled on in a livestream about not "being shackled by the censorship put in place by our legacy financial system", much to the confusion and annoyance of some viewers. One commenter asked, "Are we at a press conference for Freedom Convoy 2022 or having some guy shove Bitcoin down our throats?" As of February 9, the group claims to have raised $300,000 in Bitcoin, and $500,000 in other cryptocurrencies.
Samsung launches environmental sustainability-themed metaverse scavenger hunt where people plant virtual trees and earn NFTs
The press release doesn't happen to mention that the Decentraland project is built on Ethereum, which was at the time a proof-of-work blockchain that used over 100 TWh of electricity per year — around the same amount as countries like the Netherlands or Finland.
The BBC publishes (and then deletes) a puff piece on a "self-made crypto-millionaire giving back" without mentioning his scam coin
- "Birmingham's self-made crypto-millionaire giving back", originally published by the BBC and archived on the Internet Archive
- Tweet thread by Jim Waterson
- "BBC cryptocurrency documentary pulled from air at last minute", The Guardian
- "Evidence of Insider Trading at Coinbase", FullyCrypto
On February 2, some Twitter users were confused to find themselves suddenly following the Twitter account of an NFT operation, as BJP had taken its existing 250,000-follower Twitter account and rebranded it to "ART3.io" and begun promoting various NFTs with posts of "gm". The primary BJP organization started a new Twitter account, @bjp1854, which had a total of around 1,500 followers. On February 8, investors received an email from BJP announcing the company had been sold, and that they would be paying back shareholders £50,000 of the £1.8 million, a 92% loss.
News of the arrest came only a week after 20,000 BTC from the Bitfinex hack was observed being moved. Although the DOJ didn't explicitly say that this movement led to the arrest, it seems like a safe bet.