Serum

SushiSwap

Bald

BALD

Rise

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 <p>During the weekend, a new crypto token called BALD stole the limelight. It quickly rose up in value by nearly 4,849,900%. A few hours back, the BALD deployer removed 11,137 ETH liquidity [~$20M], triggering an 87% collapse of the token. </p> 
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   <img decoding="async" width="1024" height="236" src="https://cdn.thebittimes.com/images/2023/08/01/6c407446f94dee962f8de5f0afd8e4ab.webp" alt="" class="wp-image-104481" srcset="https://cdn.thebittimes.com/images/2023/08/01/6c407446f94dee962f8de5f0afd8e4ab.webp 1024w, https://cdn.thebittimes.com/images/2023/08/01/6c407446f94dee962f8de5f0afd8e4ab.webp 300w, https://cdn.thebittimes.com/images/2023/08/01/6c407446f94dee962f8de5f0afd8e4ab.webp 768w, https://cdn.thebittimes.com/images/2023/08/01/6c407446f94dee962f8de5f0afd8e4ab.webp 380w, https://cdn.thebittimes.com/images/2023/08/01/6c407446f94dee962f8de5f0afd8e4ab.webp 550w, https://cdn.thebittimes.com/images/2023/08/01/6c407446f94dee962f8de5f0afd8e4ab.webp 800w, https://cdn.thebittimes.com/images/2023/08/01/6c407446f94dee962f8de5f0afd8e4ab.webp 1085w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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    Source:&nbsp;DEX Screener 
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 <p><strong>Source: Coinbase’s Base Welcomes Meme Coin Season: Assets Rise Upto 7-Million%</strong></p> 
 <p>Several members of the community have started speculating that FTX founder Sam Bankman-Fried, might be behind the project. Blockchain securities and analytics firm PeckShield recently used the <a rel="noopener noreferrer nofollow" title="SBF" href="https://thebittimes.com/tag/sbf.html">SBF</a> hashtag in one of its recent tweets and pointed out that the FTX was one of the top counterparty CEXes used by the address to move the rugged ETH.</p> 
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 <p>Now others have also started making rigid allegations. Connecting the dots, people have started finding several sentence structure and language similarities between the <a rel="noopener noreferrer nofollow" title="BALD" href="https://thebittimes.com/tag/bald.html">BALD</a> deployer and <a rel="noopener noreferrer nofollow" title="SBF" href="https://thebittimes.com/tag/sbf.html">SBF</a>. The deployer was also allegedly the first voter on all SushiSwap proposals and the biggest dYDx farmer. Additionally, the Twitter handle of Serum was changed and was allegedly used to endorse <a rel="noopener noreferrer nofollow" title="BALD" href="https://thebittimes.com/tag/bald.html">BALD</a>. Adam Cochran recently tweeted, </p> 
 <p><strong>“Ok yup it’s SBF or another Alameda person. Only a handful of people had access to Serum Twitter account. And other than SBF senior harem, nearly none of them were around at the time of Sushiswap votes. So I think SBF just rugged people again.” </strong></p> 
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    <p lang="und" dir="ltr">1) https://t.co/V3giNubLwQ</p>— Mac 🐺 (@MacnBTC) July 31, 2023 
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 <h3 class="wp-block-heading" id="h-crypto-twitter-mounts-evidence">Crypto Twitter Mounts Evidence </h3> 
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 <p>Community members have also been fervently digging into developers’ on-chain history. They have been drawing links to SBF because the Bald deployer’s Ethereum wallet address had received thousands of ETH in funding from wallets associated with FTX and Alameda Research. DeFi commentator ‘Downsin‘ pointed out that this could mean that SBF is “legit trying to make it all back from prison.”</p> 
 <p>That being said, it should be noted, that SBF is not in a prison. He is under house arrest at his parent’s home&nbsp;in California, waiting for his October trial. When viewed from the surface level, the aforementioned claims do not seem to hold water, because SBF’s bail conditions restrict his internet usage. Tiffany Fong pointed out that SBF has been using a “flip phone without internet connection” since his bail conditions were revised in April. With respect to the linguistic similarities, she pointed out that SBF would use double spaces between sentences. She added,</p> 
 <p><strong>“He specifically does NOT have access to Twitter, so the claims that he’s [behind] <a rel="noopener noreferrer nofollow" title="BALD" href="https://thebittimes.com/tag/bald.html">BALD</a> due to “sentence structure” seem like a stretch to me.”</strong></p> 
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    <p lang="en" dir="ltr">Guys, SBF hasn't had access to a normal phone or laptop since April 2023 when his bail conditions changed. He's basically been using a flip phone without internet connection &amp; a laptop with restricted access to whitelisted websites (e.g. NYT, WSJ, Courtlistener, etc). <br><br>Note: He…</p>— Tiffany Fong (@TiffanyFong_) July 31, 2023 
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 <p>Even analyst ‘Wolf Of All Streets’ was on the same page and called Crypto Twitter “ridiculous.” However, others pointed out that SBF “has connections everywhere,” leaving the doors open for speculation. </p> 
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    <p lang="en" dir="ltr">It's perfect.<br><br>Call it <a rel="noopener noreferrer nofollow" title="BALD" href="https://thebittimes.com/tag/bald.html">BALD</a> and no one will ever suspect it because he's got such long hair.<br><br>How do you think guys on the inside of jail make things happen?<br><br>He has connections everywhere.</p>— Nebraskangooner (@Nebraskangooner) July 31, 2023 
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 <p><strong>Also Read: The ‘B’ in Barbie Movie Stands for Bitcoin: Crypto Community</strong></p> 
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<div class="cs-entry__tags"> 
 <ul> 
  <li>BALD</li> 
  <li>crypto</li> 
  <li>SBF</li> 
 </ul> 
</div>

BALD Down 87% After 5-Million% Rise: Is SBF Involved?

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TheBitTimes

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