Uniswap developer fired for alleged rug pull, Steadefi hacker turns to Tornado Cash
Uniswap Developer Loses Job Over Rug Pull Allegations
A developer known as “AzFlin” has been fired by Uniswap Labs founder Hayden Adams for allegedly creating a memecoin called FrensTech token (FRENS) and rug pulling it shortly after. The rug pull involved selling the tokens raised from the liquidity, resulting in a loss of 14 wrapped-Ether (wETH) worth $25,800.
AzFlin had developed and deployed the token on Coinbase’s layer 2 blockchain Base before quickly cashing out the liquidity. Hayden Adams publicly confirmed AzFlin’s termination and made it clear that such behavior is not supported or condoned by Uniswap Labs.
Mark Zuckerberg Challenges Elon Musk to Cage Fight
Meta CEO Mark Zuckerberg has called out Elon Musk for dodging a potential cage fight. According to Zuckerberg, Musk has been making excuses and dragging his feet on solidifying plans for the fight. Zuckerberg believes that Musk is not serious about the fight, citing his reluctance to confirm a date and his suggestion to hold a practice round in Zuckerberg’s backyard.
Zuckerberg stated that he is ready for the fight whenever Musk decides to get serious. In the meantime, he will continue to focus on competing with those who take the sport seriously.
Donald Trump Revealed to Hold Ethereum and NFTs
Financial records have disclosed that former US President Donald Trump owns between $250,001 to $500,000 worth of Ether (ETH). The records also indicate that Trump has made investments in non-fungible token (NFT) collections, which are expected to generate between $100,000 and $1 million in returns.
Despite his investments in cryptocurrency and NFTs, Trump has expressed skepticism about the industry in the past, calling Bitcoin (BTC) a “scam” and warning of potential disasters. He is currently running for the US presidency in the 2024 election.
Steadefi Hacker Turns to Tornado Cash
The hacker responsible for exploiting the decentralized finance protocol Steadefi has transferred 100 Ether (ETH), equivalent to around $185,000, to the cryptocurrency mixing protocol Tornado Cash. According to blockchain security firm CertiK, the hacker still holds $786,000 (424 ETH) linked to the Steadefi exploit.
Tornado Cash has served as a tool for hackers seeking to obfuscate the money trail and launder stolen funds. In August 2022, the United States Office of Foreign Asset Control (OFAC) sanctioned Ethereum and USD Coin (USDC) addresses connected to the privacy tool.
US Senator Cynthia Lummis has filed an amicus brief supporting Coinbase’s motion to dismiss its lawsuit against the US Securities and Exchange Commission (SEC). Lummis believes that the SEC is overstepping its boundaries and trying to gain undue influence over the cryptocurrency sector.
Curve Finance, a decentralized finance platform, has announced its intention to compensate users affected by a recent hack that resulted in $62 million in losses. So far, the platform has been able to recover 79% of the stolen funds.
Opinion: Girl Gone Crypto believes that “BREAKING” crypto news tweets are becoming repetitive and unexciting.
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