Weekend Wrap: Uniswap dev sacked for alleged rug, Steadefi hacker goes mixing and more

Uniswap dev loses job, was it worthy it?

A Uniswap developer known arsenic “AzFlin” has been sacked by the laminitis of Uniswap Labs, Hayden Adams, for allegedly creating a memecoin and rug pulling it a fewer hours aboriginal for 14 wrapped-Ether (wETH), worthy $25,800.

It is understood that AzFlin developed and deployed FrensTech token (FRENS) connected Coinbase’s caller furniture 2 blockchain Base connected Aug 12 earlier selling the tokens raised from the liquidity soon after.

Adams publically confirmed the sacking of AzFlin, adding that specified behaviour is neither supported nor condoned astatine Uniswap Labs.

— hayden.eth (@haydenzadams) August 12, 2023

The developer has mocked the concern astatine manus with a bid of light-hearted posts on with a caller X (formerly Twitter) screen photo.

AzFlin is making amusive of their caller unemployment status. Source: X (formerly Twitter).

AzFlin, however, claims that nary rug propulsion was committed.

“I bought that $FRENS utilized to supply LP with my OWN wealth from the dev wallet, truthful I americium entitled to bash arsenic I delight with it. This FUD is outrageous,” they said connected Aug. 12.

Not everyone is buying into AzFlin’s communicative though, with immoderate applauding Adams’ determination to occurrence AzFlin for the alleged action:

Hayden Adams' determination to terminate worker AzFlin is highly indispensable and demonstrates his committedness to upholding Uniswap's estimation and ethical standards. Developing a meme token and past exploiting entree to transportation and merchantability tokens from the liquidity excavation is simply a morally…

— KEVIL KOLS NETWORK (@KevilCrypto) August 13, 2023

Zuckerberg calls retired Musk for dodging cage fight

Meta CEO Mark Zuckerberg says it's “time to determination on” from immoderate talks of a imaginable cage fight between him and Elon Musk, accusing the Tesla CEO of making excuses and dragging his feet connected immoderate coagulated plans.

Zuckerberg explained successful an Aug. 13 Threads station that Musk isn’t “serious” astir a existent combat due to the fact that Musk has dragged connected giving immoderate imaginable dates for the bout.

“I deliberation we tin each hold Elon isn’t superior and it’s clip to determination on.” Zuckerberg added:

“Elon won’t corroborate a date, past says helium needs surgery, and present asks to bash a signifier circular successful my backyard instead.”

Mark Zuckerberg’s latest comments connected a imaginable combat with chap billionaire Elon Musk. Source: Threads

Zuckerberg — who has helped re-shaped Meta’s concern absorption connected the Metaverse and artificial quality — said that helium volition beryllium acceptable for a combat whenever Musk “gets serious” astir a existent day and authoritative event.

The Meta CEO said helium volition proceed to absorption connected competing with those who instrumentality the athletics earnestly for the meantime.

Donald Trump holds Ethereum and NFTs

Financial records person revealed that erstwhile United States President Donald Trump owns betwixt $250,001 to $500,000 successful Ethereum (ETH).

The statement, which was filed to the United States Office of Government Ethics connected April 14, lists “cryptocurrency wallet (Ethereum)” arsenic 1 of Trump’s investments, according to the 82-page form.

Donald Trump's nationalist fiscal disclosure report. Source: U.S. Government

The concern whitethorn perchance beryllium linked to Trump’s respective nonfungible token (NFT) collections which person deed the marketplace connected respective occasions betwixt 2022 and 2023.

Trump’s NFT task is expected to rake successful betwixt $100,000 and $1 million, according to the fiscal statement.

Despite the cryptocurrency and NFT investments, the billionaire businessman has voiced his skepticism towards the industry successful the past, labeling Bitcoin (BTC) arsenic a “scam” and cryptocurrencies much broadly arsenic “potentially a catastrophe waiting to happen” successful Aug. 2021.

Trump is erstwhile again successful the moving to go the adjacent U.S. President successful the upcoming 2024 Presidential Election.

Steadefi hacker turns to Tornado Cash

The exploiter of decentralized concern protocol Steadefi has transferred 100 Ether (ETH), worthy astir $185,000 to cryptocurrency mixing protocol Tornado Cash, according to blockchain information steadfast CertiK.

CertiK explained connected Aug. 13 that the hacker inactive holds $786,000 (424 ETH) connected to the Steadefi exploit, which took spot connected Aug. 7.

— CertiK Alert (@CertiKAlert) August 13, 2023

A full of $334,000 was drained straight from Steadefi, with full losses amounting to implicit $1.1 million, according to immoderate estimates.

Tornado Cash has served arsenic a instrumentality for hackers attempting to obfuscate the wealth way and currency retired the stolen funds.

On Aug. 8, 2022, the United States Office of Foreign Asset Control (OFAC) sanctioned Ethereum and USD Coin (USDC) addresses connected to the privateness tool.

Also making news

United States Senator Cynthia Lummis has filed an amicus brief supporting Coinbase’s question to disregard its suit against the U.S. Securities and Exchange Commission. Lummis says the SEC is unrightfully pushing to get “primary influence” implicit the cryptocurrency assemblage astatine a clip wherever overmuch regulatory information needs to beryllium taken by Congress.

Decentralized concern level Curve Finance has officially stated connected Aug. 11 its intention to reimburse users impacted by the caller hack resulting successful $62 cardinal of losses connected July 30. The steadfast has already managed to retrieve 79% of the funds frankincense far.

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