Uniswap dev loses job, was it value it?
A Uniswap developer generally known as “AzFlin” has been sacked by the founding father of Uniswap Labs, Hayden Adams, for allegedly making a memecoin and rug pulling it a number of hours later for 14 wrapped-Ether (wETH), value $25,800.
It’s understood that AzFlin developed and deployed FrensTech token (FRENS) on Coinbase’s new layer 2 blockchain Base on Aug 12 earlier than promoting the tokens raised from the liquidity shortly after.
Adams publicly confirmed the sacking of AzFlin, including that such behaviour is neither supported nor condoned at Uniswap Labs.
Needed to let individuals know this particular person is not with the corporate.
Not conduct we assist or condone. https://t.co/sxVowwIR3Q
— hayden.eth (@haydenzadams) August 12, 2023
The developer has mocked the scenario at hand with a sequence of light-hearted posts together with a brand new X (previously Twitter) cowl picture.
AzFlin, nonetheless, claims that no rug pull was dedicated.
“I purchased that $FRENS used to supply LP with my OWN cash from the dev pockets, so I’m entitled to do as I please with it. This FUD is outrageous,” they mentioned on Aug. 12.
Not everyone seems to be shopping for into AzFlin’s story although, with some applauding Adams’ determination to fireside AzFlin for the alleged motion:
Hayden Adams’ determination to terminate worker AzFlin is extremely vital and demonstrates his dedication to upholding Uniswap’s repute and moral requirements. Growing a meme token after which exploiting entry to switch and promote tokens from the liquidity pool is a morally…
— KEVIL KOLS NETWORK (@KevilCrypto) August 13, 2023
Zuckerberg calls out Musk for dodging cage struggle
Meta CEO Mark Zuckerberg says it is “time to maneuver on” from any talks of a potential cage fight between him and Elon Musk, accusing the Tesla CEO of constructing excuses and dragging his ft on any strong plans.
Zuckerberg explained in an Aug. 13 Threads put up that Musk isn’t “critical” about an actual struggle as a result of Musk has dragged on giving any potential dates for the bout.
“I feel we will all agree Elon isn’t critical and it’s time to maneuver on.” Zuckerberg added:
“Elon received’t affirm a date, then says he wants surgical procedure, and now asks to do a follow spherical in my yard as an alternative.”
Zuckerberg — who has helped re-shaped Meta’s investment focus on the Metaverse and synthetic intelligence — mentioned that he might be prepared for a struggle every time Musk “will get critical” about an actual date and official occasion.
The Meta CEO mentioned he’ll proceed to give attention to competing with those that take the game significantly for the meantime.
Donald Trump holds Ethereum and NFTs
The assertion, which was filed to america Workplace of Authorities Ethics on April 14, lists “cryptocurrency pockets (Ethereum)” as considered one of Trump’s investments, based on the 82-page type.
The funding could probably be linked to Trump’s a number of nonfungible token (NFT) collections which have hit the market on a number of events between 2022 and 2023.
Trump’s NFT enterprise is predicted to rake in between $100,000 and $1 million, based on the monetary assertion.
Regardless of the cryptocurrency and NFT investments, the billionaire businessman has voiced his skepticism towards the industry up to now, labeling Bitcoin (BTC) as a “rip-off” and cryptocurrencies extra broadly as “doubtlessly a catastrophe ready to occur” in Aug. 2021.
Trump is as soon as once more within the operating to change into the subsequent U.S. President within the upcoming 2024 Presidential Election.
Steadefi hacker turns to Twister Money
The exploiter of decentralized finance protocol Steadefi has transferred 100 Ether (ETH), value about $185,000 to cryptocurrency mixing protocol Twister Money, based on blockchain safety agency CertiK.
CertiK explained on Aug. 13 that the hacker nonetheless holds $786,000 (424 ETH) related to the Steadefi exploit, which passed off on Aug. 7.
Now we have seen EOA 0xe10d deposit 100 ETH (~$185K) into @TornadoCash.
The EOA, which nonetheless holds 424 ETH ($786k), is related to the exploit on @steadefi on August 7.
See extra on Skynet https://t.co/4HOEg2PJ1k
— CertiK Alert (@CertiKAlert) August 13, 2023
A total of $334,000 was drained straight from Steadefi, with complete losses amounting to over $1.1 million, based on some estimates.
Twister Money has served as a software for hackers making an attempt to obfuscate the cash path and money out the stolen funds.
On Aug. 8, 2022, america Workplace of Overseas Asset Management (OFAC) sanctioned Ethereum and USD Coin (USDC) addresses related to the privateness software.
Additionally making information
United States Senator Cynthia Lummis has filed an amicus brief supporting Coinbase’s movement to dismiss its lawsuit in opposition to the U.S. Securities and Trade Fee. Lummis says the SEC is unrightfully pushing to acquire “major affect” over the cryptocurrency sector at a time the place a lot regulatory consideration must be taken by Congress.
Decentralized finance platform Curve Finance has formally acknowledged on Aug. 11 its intention to reimburse users impacted by the current hack leading to $62 million of losses on July 30. The agency has already managed to retrieve 79% of the funds to date.