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‘WTF Is Bitzlato?’ Crypto Twitter Rolls Eyes at DOJ’s Big Arrest

The U.S. Department of Justice got schooled in how not to manage expectations on Crypto Twitter Wednesday morning after it teased the announcement of an "international crypto enforcement action" in a move that immediately caused declines in the price of bitcoin and other cryptocurrencies.   

The crypto industry yawned. Bitcoin immediately reversed its price slide. And then came the memes.  “Never heard of it,” tweeted Hailey Lennon, a partner at the law firm Brown Rudnick, who advises on crypto issues.

“Wtf is Bitzlato?” a Washington, D.C. source said in a text message.

“Bitzlato lol. Our tax dollars are wasted,” Messari founder Ryan Selkis wrote in a tweet. 

Bitzlato Crypto
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