Uniswap devs out of work, is it worth it?
A Uniswap developer named “AzFlin” was fired by Uniswap Labs founder Hayden Adams for allegedly creating a memecoin and pulling it hours later in exchange for 14 wrapped ether (wETH ), worth $25,800.
This is Understood AzFlin developed and deployed the FrensTech token (FRENS) on Coinbase’s new layer 2 blockchain, Base, on August 12, before selling tokens raised from liquidity shortly thereafter.
Adams publicly confirmed AzFlin’s firing, adding that Uniswap Labs neither supports nor condones such behavior.
Wants people to know that this person is no longer with the company.
Not something we support or condone. https://t.co/sxVowwIR3Q
— hayden.eth (@haydenzadams) August 12, 2023
The developer teased the current situation with a series of lighthearted posts, as well as a new X (formerly Twitter) cover photo.
However, Azfrin claim No carpet pulling occurred.
“I purchased $FRENS to fund LPs with my own dev wallet funds, so I have the right to spend it however I want. This FUD is outrageous,” they said on Aug. 12.
Not everyone is buying AzFlin’s story, though, with some applauding Adams’ decision to fire AzFlin for his alleged behavior:
Hayden Adams’ decision to fire employee AzFlin was necessary and demonstrated his commitment to maintaining Uniswap’s reputation and ethical standards. Developing meme tokens and then taking advantage of the opportunity to move and sell tokens from liquidity pools is ethically…
— KEVIL KOLS NETWORK (@KevilCrypto) August 13, 2023
Zuckerberg berates Musk for dodging cage fight
Meta CEO Mark Zuckerberg said it was time to stop any talk of a possible cage fight between him and Elon Musk, accusing the Tesla of Pulling the CEO is always making excuses and delaying any credible plans.
Zuckerberg explained In an Aug. 13 Threads post, Musk wasn’t “serious” about the actual race, as Musk had been dragging his feet on giving any possible race dates.
“I think we can all agree that Elon is not serious and it’s time to move on.” Zuckerberg added:
“Elon won’t confirm a date, then say he needs surgery, and now asks for a practice round in my backyard.”
Zuckerberg, who helped refocus Meta’s investments in the Metaverse and artificial intelligence, said that as long as Musk was “serious about” real dates and official events, he would be ready for the fight.
The Meta chief said he will continue to focus on competing with those who take the sport seriously.
Donald Trump Holds Ethereum and NFTs
financial records have disclose Former U.S. President Donald Trump owns between $250,001 and $500,000 worth of Ethereum (ETH).
The statement, filed with the U.S. Office of Government Ethics on April 14, lists a “cryptocurrency wallet (Ethereum)” as one of Trump’s investments, according to an 82-page form.
The investment may be related to Trump’s multiple non-fungible token (NFT) series, which will be listed multiple times during 2022-2023.
Trump’s NFT venture is expected to generate between $100,000 and $1 million in revenue, according to financial statements.
Despite his cryptocurrency and NFT investments, the billionaire businessman has expressed skepticism about the industry in the past, calling Bitcoin (BTC) a “fraud” and cryptocurrencies more broadly an “August 2021 possible catastrophe”.
Trump is once again on track to become the next President of the United States in the upcoming 2024 presidential election.
Steadefi hackers turn to Tornado Cash
Developers of decentralized finance protocol Steadefi have transferred 100 Ethereum (ETH) worth approximately $185,000 to cryptocurrency mixing protocol Tornado Cash, according to blockchain security firm CertiK.
Certificate explained On Aug. 13, hackers still held $786,000 (424 ETH) related to the Steadefi breach that occurred on Aug. 7.
We’ve seen EOA 0xe10d deposit 100 ETH (approximately $185,000) into @tornado cash.
EOA still holds 424 ETH ($786,000), with @Standfey August 7th.
See more on Skynet https://t.co/4HOEg2PJ1k
— CertiK Alert (@CertiKAlert) August 13, 2023
Steadefi is estimated to have lost a direct total of $334,000, with total damages exceeding $1.1 million.
Tornado Cash has become a tool used by hackers in an attempt to obfuscate the trajectories of funds and cash out stolen funds.
On August 8, 2022, the U.S. Office of Foreign Assets Control (OFAC) approved Ethereum and USD Coin (USDC) addresses related to privacy tools.
Still making news
U.S. Senator Cynthia Lummis filed an amicus brief supporting Coinbase’s motion to dismiss the lawsuit against the SEC. Lummis said it is not true that the U.S. Securities and Exchange Commission (SEC) is trying to gain “major leverage” over the cryptocurrency industry at a time when Congress has many regulatory issues to consider.
Decentralized finance platform Curve Finance officially said on Aug. 11 that it intends to compensate users affected by a recent hack that caused $62 million in losses on July 30. To date, the company has managed to recover 79% of its funds.
Magazine: Girl Gone Crypto Thinks ‘Breaking’ Crypto News Tweets Are Boring: Hall of Flame
Svlook
