Owner of Bridge Oracle, who purchased Jack Dorsey’s genesis tweet NFT, arrested in Iran
By Bob Garcia
The tech entrepreneur was reportedly arrested for violating Iran’s “economic system” laws
According to a tweet on Bridge Oracle CEO Sina Estavi’s account, Iranian cyber police arrested him yesterday. Estavi had recently been recognized for being the purchaser of Jack Dorsey’s ‘genesis NFT tweet.’ This bidding battle was undoubtedly one of the most heated ever seen, where Estavi fought hard against tech entrepreneur and Tron CEO Justin Sun to buy Dorsey’s first tweet in Non-Fungible Token (NFT) format. The first Twitter tweet dates back to March 2006 and reads, “Just setting up my twttr.”
A translation of the tweet (which has since been deleted from Estavi’s feed) about the arrest reads, “The holder of this account was arrested on charges of ‘disrupting the economic system’ of Iran. The warrant for his arrest was handed down by the Special Court for Economic Crimes.
Estavi was ultimately victorious in the Dorsey auction and took the NFT home after paying $2.9 million. Subsequently, Dorsey had those proceeds converted to Bitcoin, and they went to a charity in Africa. Following these latest updates regarding Estavi’s arrest, it has been reported that the price of Bridge Oracle’s native token, BRG, has dropped exponentially, reaching a negative impact of almost 70%, at least as indicated by TradingView data.
In early 2021, former Bitcoin.com CEO Mate Tokay had filed a lawsuit against Estavi for apparently not paying him for his services. At the same time, Tokay had made it clear that there is no clear consistency in the alleged and actual circulating supply of BRG, leaving many things for thought for those involved with this company. Bridge Oracle has not provided any data regarding what has happened.