{"id":14835,"date":"2023-01-05T10:58:31","date_gmt":"2023-01-05T10:58:31","guid":{"rendered":"https:\/\/coinstats.app\/blog\/?p=14835"},"modified":"2025-04-03T05:22:45","modified_gmt":"2025-04-03T05:22:45","slug":"crypto-villains-and-heroes-2022","status":"publish","type":"post","link":"https:\/\/coinstats.app\/blog\/crypto-villains-and-heroes-2022\/","title":{"rendered":"Top Cryptocurrency Villains and Heroes of 2022: Who Made the List?"},"content":{"rendered":"\n<p>The cryptocurrency industry is an ever-changing one, with new projects and influential figures entering the market with each passing year. The space has developed from just a simple concept into a formidable force in just a few short years. This article is, as it is merited as we look ahead toward 2023, a tribute to the <strong>top cryptocurrency trailblazers and troublemakers<\/strong> of the previous year.<\/p>\n\n\n\n<p>These are the people and organizations who, for better or worse, had a big impact on the crypto industry. They defined the world of crypto in the year 2022, whether by pushing the limit of innovation or indulging in dishonest or nefarious acts.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Heroes &#x1f9b8;&#x1f3fb;&#x200d;&#x2640;&#xfe0f;<\/h2>\n\n\n\n<p>Let\u2019s start with the heroes of the industry \u2014 the ones that managed to be the shining light that guided crypto towards improvement in 2022.&nbsp;&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Ethereum\u2019s Core Developers<\/h3>\n\n\n\n<p>The first profile on the CoinStats list of the top crypto heroes in 2022 is none other than the <strong>Ethereum core development team<\/strong> responsible for the Merge, Ethereum\u2019s long-awaited upgrade to the Proof-of-Stake (PoS) consensus mechanism.&nbsp;<\/p>\n\n\n\n<p>After years of development and testing, Ethereum\u2019s successful upgrade, compared to the moon landing for blockchains, came to fruition earlier this year. In fact, over a hundred developers have been working for several years to make Ethereum\u2019s seamless transition from PoW to PoS possible.<\/p>\n\n\n\n<p><strong>Ethereum\u2019s core developers<\/strong> have earned their spot at the top 2022 crypto heroes list.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Michael Saylor<\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"675\" height=\"675\" src=\"https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/mjs-headshot-4-v2-edited.jpeg\" alt=\"\" class=\"wp-image-14852\" style=\"width:212px;height:212px\" srcset=\"https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/mjs-headshot-4-v2-edited.jpeg 675w, https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/mjs-headshot-4-v2-edited-180x180.jpeg 180w, https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/mjs-headshot-4-v2-edited-400x400.jpeg 400w, https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/mjs-headshot-4-v2-edited-600x600.jpeg 600w\" sizes=\"auto, (max-width: 675px) 100vw, 675px\" \/><\/figure>\n<\/div>\n\n\n<p>It goes without saying that any crypto heroes list would be incomplete without at least one Bitcoin maximalist. <strong>Michael Saylor<\/strong> is certainly one of the most prominent crypto personas, known for its sturdy bullish stance towards Bitcoin, even during bear markets. <\/p>\n\n\n\n<p>While he stepped down from the position of CEO of <strong>MicroStrategy<\/strong>, Saylor is still devoted both to the company and to Bitcoin.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">MicroStrategy has increased its <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> Holdings by ~2,500 <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a>. As of 12\/27\/22 <a href=\"https:\/\/twitter.com\/MicroStrategy?ref_src=twsrc%5Etfw\">@MicroStrategy<\/a> holds ~132,500 bitcoin acquired for ~$4.03 billion at an average price of ~$30,397 per bitcoin. <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MSTR<\/a><a href=\"https:\/\/t.co\/lcMeULcGQk\">https:\/\/t.co\/lcMeULcGQk<\/a><\/p>&mdash; Michael Saylor\u26a1\ufe0f (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1608086703843180544?ref_src=twsrc%5Etfw\">December 28, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>One of his recent tweets shows exactly that \u2014 MicroStrategy increased its holdings by 2,500 during its latest purchase, with the company only selling a slight amount of BTC for tax purposes. As per its latest report, MicroStrategy now holds 132,500 bitcoins on its balance sheet. <\/p>\n\n\n\n<p>Saylor, on the other hand, is continuously speaking up about Bitcoin and posting bullish tweets. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Ryan Wyatt<\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"383\" height=\"383\" src=\"https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/Ryan-Wyatt-YouTube-edited.webp\" alt=\"\" class=\"wp-image-14856\" style=\"width:244px;height:205px\" srcset=\"https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/Ryan-Wyatt-YouTube-edited.webp 383w, https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/Ryan-Wyatt-YouTube-edited-180x180.webp 180w\" sizes=\"auto, (max-width: 383px) 100vw, 383px\" \/><\/figure>\n<\/div>\n\n\n<p><strong>Ryan Wyatt<\/strong>, the CEO of <strong>Polygon<\/strong>, was one more shining star in the world of crypto in the past year. Polygon\u2019s business development team has managed to land partnerships with numerous major brands interested in the web3 space, including Nike, Starbucks, Reddit, Meta, and <a href=\"https:\/\/coinstats.app\/connect\/robinhood\/\">Robinhood<\/a>.\u00a0<\/p>\n\n\n\n<p>After joining Polygon Studios in February of 2022, Wyatt expanded the company\u2019s business development team, brought in a salesforce with pedigree, and started forming partnerships with mainstream companies.<\/p>\n\n\n\n<p>Polygon has recently announced a web3-focused artist incubator in partnership with Mastercard.<\/p>\n\n\n\n<p>Wyatt earned his spot on the list for furthering the cause of crypto, and spreading the worldwide adoption of the technology.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Senators Lummis and Gillibrand<\/h3>\n\n\n\n<p>It\u2019s no over-exaggeration to say that many US lawmakers remain oblivious toward the crypto market and its potential. However, two beacons of hope presented themselves in the form of Senators <strong>Cynthia Lummis<\/strong> and <strong>Kirsten Gillibrand<\/strong>.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"720\" height=\"720\" src=\"https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/765u2XFd-lummis-bitcoin-edited.webp\" alt=\"\" class=\"wp-image-14864\" style=\"width:198px;height:198px\" srcset=\"https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/765u2XFd-lummis-bitcoin-edited.webp 720w, https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/765u2XFd-lummis-bitcoin-edited-180x180.webp 180w, https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/765u2XFd-lummis-bitcoin-edited-400x400.webp 400w, https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/765u2XFd-lummis-bitcoin-edited-600x600.webp 600w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/><\/figure>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/Kirsten_Gillibrand_official_photo_116th_Congress-edited-1.jpg\" alt=\"\" class=\"wp-image-14871\" style=\"width:197px\" srcset=\"https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/Kirsten_Gillibrand_official_photo_116th_Congress-edited-1.jpg 500w, https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/Kirsten_Gillibrand_official_photo_116th_Congress-edited-1-180x180.jpg 180w, https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/Kirsten_Gillibrand_official_photo_116th_Congress-edited-1-400x400.jpg 400w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/figure>\n<\/div>\n\n\n<p>Earlier in 2022, the duo drafted a bill called the Lummis-Gillibrand Responsible Financial Innovation Act, proposing a comprehensive framework for the governance of digital currencies.&nbsp;<\/p>\n\n\n\n<p>This bill represents a revolt against the SEC\u2019s lack of clarity in the digital currency space, and aims to categorize crypto into three categories: commodities, securities and ancillary assets.<\/p>\n\n\n\n<p>The fact that the two US Senators have made strides toward understanding crypto and regulating it properly has earned them the spot on this year\u2019s list.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">ZachXBT and Coffezilla<\/h3>\n\n\n\n<p>Last but not least, our list wouldn\u2019t be complete without those who fought for a better crypto industry \u2014 one without fraud and scams.&nbsp;<\/p>\n\n\n\n<p><strong>ZachXBT<\/strong> is a pseudonymous on-chain vigilante that does detailed on-chain research with the aim of preventing rug pulls and scams. His research has brought real-world consequences for some scammers, most notably the alleged phishing scammers who orchestrated the theft of $2.5 million worth of Bored Ape Yacht Club NFT.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Update: Am very pleased to shared that both Mathys and Camille were prosecuted in France as of today. <br><br>Will attach the press release and my article below. <a href=\"https:\/\/t.co\/Ed5uFnqLAN\">https:\/\/t.co\/Ed5uFnqLAN<\/a> <a href=\"https:\/\/t.co\/BNRAaKiJ3i\">pic.twitter.com\/BNRAaKiJ3i<\/a><\/p>&mdash; ZachXBT (@zachxbt) <a href=\"https:\/\/twitter.com\/zachxbt\/status\/1580233901234348034?ref_src=twsrc%5Etfw\">October 12, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Along the same line, YouTuber Stephen Findeisen, better known as <strong>Coffeezilla<\/strong>, has been working with the same goal in mind. Coffeezilla has been a valiant fighter against online gurus and scam artists, with his work in exposing the possible FTX corruption putting him on the list.&nbsp;<\/p>\n\n\n\n<p>While traditional news outlet interviewers failed to extract valuable information from SBF, Findeisen managed to do so \u2014 and with style!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Villains &#x1f9b9;&#x1f3fb;<\/h2>\n\n\n\n<p>Where there are heroes, there are villains. The year 2022 certainly had its fair share of nefarious activities. Let\u2019s see who made the list of crypto villains!&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Sam Bankman-Fried<\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"889\" height=\"889\" src=\"https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/np_file_194737-edited-1.jpeg\" alt=\"\" class=\"wp-image-14882\" style=\"width:268px\" srcset=\"https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/np_file_194737-edited-1.jpeg 889w, https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/np_file_194737-edited-1-768x768.jpeg 768w, https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/np_file_194737-edited-1-180x180.jpeg 180w, https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/np_file_194737-edited-1-400x400.jpeg 400w, https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/np_file_194737-edited-1-600x600.jpeg 600w, https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/np_file_194737-edited-1-800x800.jpeg 800w\" sizes=\"auto, (max-width: 889px) 100vw, 889px\" \/><\/figure>\n<\/div>\n\n\n<p>The main villain of the year spot certainly goes to <strong>Sam Bankman-Fried<\/strong> (SBF), the former CEO of <strong>FTX<\/strong> \u2014 a crypto exchange last valued at $32 billion.&nbsp;<\/p>\n\n\n\n<p>FTX collapsed in early November 2022 following a report showing potential solvency concerns, as well as potential user funds comingling involving trading firm Alameda Research.&nbsp;<\/p>\n\n\n\n<p>Bankman-Fried was arrested and jailed in the Bahamas on Dec 12, 2022, and was later extradited to the US on numerous charges related to alleged fraudulent activities while running FTX.<\/p>\n\n\n\n<p>The collapse of FTX has left thousands of its customers empty-handed, which is reason enough to put SBF at our top spot of crypto villains of 2022.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Do Kwon<\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"416\" height=\"416\" src=\"https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/0x0.jpg\" alt=\"\" class=\"wp-image-14880\" style=\"width:251px;height:251px\" srcset=\"https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/0x0.jpg 416w, https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/0x0-180x180.jpg 180w, https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/0x0-400x400.jpg 400w\" sizes=\"auto, (max-width: 416px) 100vw, 416px\" \/><\/figure>\n<\/div>\n\n\n<p>At close second on our crypto villain list, we have <strong>Do Kwon<\/strong>, the co-founder of <strong>Terra<\/strong>.&nbsp;<\/p>\n\n\n\n<p>Terra was one of the largest projects in crypto, with its algorithmic stablecoin TerrsUSD (UST) standing at the forefront of the project and being an example of a fully-operational non-backed stablecoin. However, the \u201cfully-operational\u201d part of the equation fell under water once the project entered a death spiral, which erased $45 billion worth of capital in just seven days.&nbsp;<\/p>\n\n\n\n<p>The catastrophic crash of Terra affected several hundred thousand investors directly and the entire crypto market indirectly, leading to a class-action lawsuit against Kwon. The South Korean government is on the lookout for Kwon, who is currently on the run.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Alex Mashinsky<\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"507\" height=\"507\" src=\"https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/ceo-of-celsius-alex-mashinsky-760x507-1-edited.jpg\" alt=\"\" class=\"wp-image-14885\" style=\"width:224px;height:224px\" srcset=\"https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/ceo-of-celsius-alex-mashinsky-760x507-1-edited.jpg 507w, https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/ceo-of-celsius-alex-mashinsky-760x507-1-edited-180x180.jpg 180w, https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/ceo-of-celsius-alex-mashinsky-760x507-1-edited-400x400.jpg 400w\" sizes=\"auto, (max-width: 507px) 100vw, 507px\" \/><\/figure>\n<\/div>\n\n\n<p><strong>Alex Mashinsky<\/strong> is the founder and former CEO of <strong>Celsius Network<\/strong>, as well as the person taking the 3rd spot on our crypto villains list for the year 2022.&nbsp;<\/p>\n\n\n\n<p>Celsius, which was formerly one of the largest crypto lending platforms in the world, suddenly froze all customer-to-platform interactions in June 2022. Shortly after, the company filed for Chapter 11 bankruptcy, revealing a $1.2 billion loss on its statements. At the time of its crash, Celsius had $4.3 billion in assets, as well as losses of close to $5.5 billion.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">.<a href=\"https:\/\/twitter.com\/CelsiusNetwork?ref_src=twsrc%5Etfw\">@CelsiusNetwork<\/a> is pausing all withdrawals, Swap, and transfers between accounts. Acting in the interest of our community is our top priority. Our operations continue and we will continue to share information with the community. More here: <a href=\"https:\/\/t.co\/CvjORUICs2\">https:\/\/t.co\/CvjORUICs2<\/a><\/p>&mdash; Celsius (@CelsiusNetwork) <a href=\"https:\/\/twitter.com\/CelsiusNetwork\/status\/1536169010877739009?ref_src=twsrc%5Etfw\">June 13, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Mashinsky ended up on our list not only because of Celsius\u2019 bankruptcy and shady practices, but also because of his $10 million withdrawal just one month before the event occurred.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Su Zhu, Kyle Davies and Stephen Ehrlich&nbsp;<\/h3>\n\n\n\n<p>Last but not least, our list wouldn\u2019t be complete without mentioning <strong>Three Arrows Capital<\/strong> and <strong>Voyager Digital<\/strong>, as well as its founders <strong>Su Zhu<\/strong>, <strong>Kyle Davies<\/strong>, and <strong>Stephen Ehrlich<\/strong>.&nbsp;<\/p>\n\n\n\n<p>What led both of the firms to their downfall was their uncollateralized borrowing. As of July 2022, the crypto hedge fund\u2019s bankruptcy filings show the firm was over $3.5 billion in the negative.<\/p>\n\n\n\n<p>On the other hand, Voyager filed Chapter 11 bankruptcy just four days after the Celsius bankruptcy. Voyager\u2019s statements have shown that one of the main reasons for the collapse was a $670 million loan to 3AC.&nbsp;<\/p>\n\n\n\n<p>This event has instilled fear in the market (both on the institutional and retail side) and now acts as a case for more transparency in crypto fund handling.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Gray Area<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"291\" src=\"https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/ezgif.com-gif-maker-1.gif\" alt=\"\" class=\"wp-image-14893\" srcset=\"https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/ezgif.com-gif-maker-1.gif 600w, https:\/\/coinstats.app\/blog\/wp-content\/uploads\/2023\/01\/ezgif.com-gif-maker-1-400x194.gif 400w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/figure>\n<\/div>\n\n\n<p>Last but not least, we got the gray area. The world is not black and white, and neither is our crypto heroes and villains list. Here are some of the most influential personas of 2022 that didn\u2019t make either the list of heroes or villains.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Changpeng Zhao (CZ)<\/h3>\n\n\n\n<p>While most of the crypto industry regards him as a hero, the CEO of<strong> Binance<\/strong> didn\u2019t end up on our list of heroes for a couple of reasons.&nbsp;<\/p>\n\n\n\n<p>First and foremost, his tweets and public statements toward other crypto exchanges (most notably FTX before its downfall) were most likely fueled by an agenda that caused more harm than good to the market.&nbsp;<\/p>\n\n\n\n<p>Furthermore, Binance\u2019s attempt to provide transparency to its users via proof of reserves has raised a few red flags, according to some analysts.&nbsp;<\/p>\n\n\n\n<p>On the other hand, <strong>CZ <\/strong>has shown its prowess as a CEO, with Binance only growing in influence<strong> <\/strong>in recent months. Additionally, Zhao claims to have not made any major layoffs in the time when most crypto exchanges laid off thousands of their employees.<\/p>\n\n\n\n<p>These reasons made us put CZ in the gray area of our list.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Brian Armstrong&nbsp;<\/h3>\n\n\n\n<p>Another influential person that didn\u2019t end up on our heroes and villains list is <strong>Brian Armstrong<\/strong>, co-founder and CEO of <strong>Coinbase<\/strong>.&nbsp;<\/p>\n\n\n\n<p>Armstrong has been a vocal critic of how the US has been handling crypto regulation, essentially creating an anti-DeFi firewall. He was also one of the most vocal advocates of not sanctioning Tornado Cash\u2019s smart contract addresses, even pleading to fund a lawsuit with the aim of annulling the US government\u2019s actions. His commitment to decentralization and transparency was also visible during his announcement that he would rather halt Coinbase\u2019s Ethereum staking services than censor transactions sanctioned by the US government.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">1\/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury&#39;s sanction of the Tornado Cash smart contracts. <a href=\"https:\/\/t.co\/DkMHtyt0zR\">https:\/\/t.co\/DkMHtyt0zR<\/a><\/p>&mdash; Brian Armstrong (@brian_armstrong) <a href=\"https:\/\/twitter.com\/brian_armstrong\/status\/1567915956307107841?ref_src=twsrc%5Etfw\">September 8, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>However, Armstrong has also been one of the first CEOs to participate in mass layoffs during the crypto winter. Coinbase has shed over 18% of its workforce over the months, with the most notable layoff being in June when the company fired close to 1,200 of its employees.&nbsp;<\/p>\n\n\n\n<p>The company also rescinded job offers from candidates, some of whom had given up other offers to work at Coinbase. Numerous influential figures claimed that the layoffs could have been conducted in a more proper way.&nbsp;<\/p>\n\n\n\n<p>More recently, the company decided to lay off a further 20% of its staff, which comes up to around 950 people. This brings the total to over 2,100 people in just a couple of months.  <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Arthur Hayes<\/h3>\n\n\n\n<p>Last but not least, we have <strong>Arthur Hayes<\/strong>, most known for founding <strong>BitMEX<\/strong>, the first Bitcoin derivatives exchange ever.&nbsp;<\/p>\n\n\n\n<p>Apart from founding BitMEX, he has invented perpetual swaps, and become the first African American billionaire. While his accomplishments as a builder cannot be denied, he had his fair share of controversy and clashes with the law.&nbsp;<\/p>\n\n\n\n<p>His contribution in 2022 came in the form of guiding crypto enthusiasts with his long-form posts and providing commentary on recent events and the potential of the technology.&nbsp;<\/p>\n\n\n\n<p>However, his past actions have solidified him in the gray area part of our list \u2014 despite his recent contributions, we can\u2019t ignore his previous actions.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency industry is an ever-changing one, with new projects and influential figures entering the market with each passing year. The space has developed from just a simple concept into a formidable force in just a few short years. This article is, as it is merited as we look ahead toward 2023, a tribute to the top cryptocurrency trailblazers and troublemakers of the previous year. These are the people and organizations who, for better or worse, had a big impact on the crypto industry. They defined the world of crypto in the year 2022, whether by pushing the limit of [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":14838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","inline_featured_image":false,"footnotes":""},"categories":[70],"tags":[],"wl_entity_type":[314],"ppma_author":[346],"class_list":["post-14835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","wl_entity_type-article","post--single"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Top Cryptocurrency Heroes and Villains of 2022 | CoinStats Blog<\/title>\n<meta name=\"description\" content=\"Let&#039;s explore the past year in crypto through its heroes and villains \u2014 who made the list of most influential people, for better or worse?\" \/>\n<meta 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