Bridge Oracle CEO Sina Estavi, according to a tweet pinned to Estavi’s Twitter account has been arrested by Iranian Cyber Police.
The translation of the tweet roughly reads that for disrupting the economic system by order of Special Court for Economic Crimes, the owner of the account was arrested, additional information to be provided by official judicial statement.
A Tron Network-based public oracle system, also shows the same tweet, which is the official account of Bridge Oracle. Crashing by more than 65%, according to data from TradingView, the price of Bridge Oracle’s native token, BRG, has taken a sharp dive
Bridge Oracle is said to be a Malaysia-based blockchain company, but Estavi’s other venture, cryptocurrency exchange Cryptoland, was operating in Iran. Cryptoland’s Twitter account shares the same pinned tweet. No further information was shared publicly by the authorities.
Estavi is known for his heated bidding battle with tech entrepreneur and Tron CEO Justin Sun to buy Jack Dorsey’s first-ever tweet as an NFT. Twitter’s first tweet is dated March 2006 and reads, “Just setting up my twttr.”
In the end, Estavi successfully purchased the NFT for more than $2.9 million, or 1,630 Ether (ETH). Dorsey converted the proceeds to Bitcoin (BTC) and donated them to a charity organization in Africa.