The circus surrounding the final downfall of Sam Bankman-Fried, which played out on TV and in Washington, D.C., all week, overshadowed another important development in the crypto world—a growing disillusionment with Twitter's new owner. In a series of tweets, key figures on so-called Crypto Twitter expressed displeasure with Elon Musk's handling of the platform that is central to the industry's news and identity.
The response is notable since news of Musk's purchase of the platform was hailed by many among the crypto crowd, which has a strong libertarian bent, as a welcome development. Many cheered his arrival, believing he would leave the platform alone while curbing some of the excesses of the woke left. It hasn't worked out that way: In his short tenure as Twitter's steward, Musk has embraced all of the worst impulses of the previous regime—and more.
