Uniswap dev loses job, was it worth it?
A Uniswap developer known as “AzFlin” has been sacked for allegedly creating a memecoin and rug pulling it for 14 wETH worth $25,800. Uniswap Labs founder Hayden Adams confirmed the termination and stated that such behavior is not supported or condoned by the company.
- AzFlin developed and deployed the FrensTech token on Coinbase’s new layer 2 blockchain Base before selling the tokens raised from the liquidity.
- AzFlin claims that no rug pull was committed and defends their actions by stating they used their own money from the dev wallet.
- Some applaud Adams’ decision to fire AzFlin, citing it as necessary to uphold Uniswap’s reputation and ethical standards.
Zuckerberg calls out Musk for dodging cage fight
Meta CEO Mark Zuckerberg accuses Elon Musk of making excuses and dragging his feet on potential plans for a cage fight. Zuckerberg states that Musk isn’t serious and suggests it’s time to move on.
- Musk has not confirmed a date for the fight and has made alternative suggestions, such as doing a practice round in Zuckerberg’s backyard.
- Zuckerberg says he will be ready for a fight whenever Musk gets serious, but in the meantime, he will focus on competing with those who take the sport seriously.
Donald Trump holds Ethereum and NFTs
Financial records reveal that former US President Donald Trump owns between $250,001 to $500,000 in Ethereum. Trump’s investments may be linked to his NFT collections, which are expected to earn between $100,000 and $1 million.
- Despite his investments, Trump has expressed skepticism towards cryptocurrencies in the past, calling Bitcoin a “scam” and cryptocurrencies a potential disaster.
- Trump is running for US President in the upcoming 2024 Presidential Election.
Steadefi hacker turns to Tornado Cash
The hacker responsible for exploiting Steadefi has transferred 100 ETH to cryptocurrency mixing protocol Tornado Cash. The hacker still holds $786,000 connected to the exploit.
- The Steadefi exploit resulted in $334,000 being drained directly from the protocol, with total losses estimated to be over $1.1 million.
- Tornado Cash has been used by hackers to obfuscate the money trail and cash out stolen funds.
Other News
- US Senator Cynthia Lummis supports Coinbase’s motion to dismiss its lawsuit against the SEC, stating that the SEC is seeking undue influence over the cryptocurrency sector.
- Curve Finance intends to reimburse users affected by a recent hack, with 79% of the funds already retrieved.
Hot Take:
The actions of the Uniswap developer and the hacker demonstrate the risks and challenges faced in the crypto industry. While some applaud the swift termination of the developer and the intention to reimburse affected users, others question the ethics and motives behind these actions. The involvement of prominent figures like Zuckerberg and Trump further highlights the intersection of politics and cryptocurrency. As the industry continues to evolve, it is crucial for individuals and platforms to prioritize transparency, security, and ethical practices.
Coinan Porter stands as a notable crypto analyst, accomplished researcher, and adept editor, carving a significant niche in the realm of cryptocurrency. As a skilled crypto analyst and researcher, Coinan’s insights delve deep into the intricacies of digital assets, resonating with a wide audience. His analytical prowess is complemented by his editorial finesse, allowing him to transform complex crypto information into digestible formats. Coinan’s contributions serve as a valuable resource for both seasoned enthusiasts and newcomers, guiding them through the dynamic landscape of cryptocurrencies with well-researched perspectives. With meticulous attention to detail, he empowers informed decision-making in the ever-evolving crypto sphere.