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Coming up todayâŚ
- Euler Finance Offers Hacker $20M
- Yuga Labs Sewer Passes âĄď¸ Robots?!
- New ETH URL â No more HTML
- Polkadot Partners w Music Powerhouse
- Salesforce Plans for Big Brandsâ NFTs
Euler Finance, a lending protocol, got hacked for almost $200M yesterday â and theyâve now issued the hacker an ultimatum.
Today the Euler Foundation is launching a $1M reward in the hope that this provides additional incentive for information that leads to the Euler protocol attackerâs arrest and the return of all funds extracted by the attacker.
— Euler Labs (@eulerfinance)
Mar 15, 2023
The company has been sending the hacker messages in an attempt to cooperate and compromise, promising that if they return 90% of the stolen funds, Euler will not pursue legal action against them.
Weâre not too sure that Euler can actually legally guarantee something like that â because even if Euler chooses to drop charges, a company canât nullify a crime that was committed. The hacker might still need to face the music in court if they were to hand over the stolen crypto.
euler just sent an on-chain message to the hacker
— 0xngmi (llamazip arc) (@0xngmi)
Mar 14, 2023
However, it would appear that the hacker has no intention of turning themselves in. Just a few hours after Euler posted a $1M bounty for information related to them, the hacker moved a bit over $1M of the stolen crypto themselves to Tornado Cash, a crypto mixer notorious for its usage by digital criminals to anonymously transfer crypto away from wallets used for illegal activity.
#PeckShieldAlert@eulerfinance exploiter on the move
~1,000 $ETH into Tornado Cash through intermediary address 0xc66d...c9a
etherscan.io/address/0xc66d⌗ PeckShieldAlert (@PeckShieldAlert)
Mar 16, 2023
Even though the hacker isnât interested in Eulerâs offer of safety, they do appear to have a heart. After an investor who had his life savings stolen in the hack messaged the hacker pleading with them to return the stolen funds, they actually did send him 100 ETH (roughly $150k).
#PeckShieldAlert@eulerfinance exploiter on the move
~1,000 $ETH into Tornado Cash through intermediary address 0xc66d...c9a
etherscan.io/address/0xc66d⌗ PeckShieldAlert (@PeckShieldAlert)
Mar 16, 2023
This led to a ton of other users sending similar messages to the hacker.
The hacker has refused to cooperate, and Euler has put out a bounty for info on them. Now that both sides know where the other stands, weâll have to wait and see if justice is served or if this becomes the newest entry in a long list of crypto thieves coming out on top.
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Remember Yuga Labâs âDookey Dashâ NFT video game? And how the 18-year-old high-score holder sold his winning key NFT for $1.6M? Well, the company behind BAYC has just revealed the purpose of the video gameâs Sewer Pass NFTs, announcing their newest collection: HV-MTL (âheavy metalâ).
First look at the new @yugalabs collection đ
HV-MTL (Heavy Metal)
— Ben Jammin đ (@xBenJamminx)
Mar 15, 2023
Users can burn a Sewer Pass, the NFT used to access the BAYC-themed video game, to transform it into a robot NFT, called a Mech. There are 30,000 âEvo 1â Mechs in all, and their floor prices range from a few ETH to as much as 9 ETH.
Weâve Dookeyâd and weâve dashed. Now the holder of the Key can begin to fulfill Gary the Dog Prophetâs prophecy by releasing the power from within the Box. The Summoning begins in one hourâŚ
— Bored Ape Yacht Club (@BoredApeYC)
Mar 15, 2023
Thereâs a total of 7 different main types of NFTs and 1 legendary that belongs to the holder of the high score key from Dookey Dash. The collection has done 4,650 ETH in volume on OpenSea so far.
HV-MTL Rarities đ
Legendary: Dookey Key
Holo: Rank 2 - 250
Reaver: 251 - 1250
Celestial: 1251 - 4250
Knight: 4251 - 9250
Bio: 9251 - 15250
Dynamic: 15251 - 22250
Glitch: 22251 - 30000— Bag Holder (@BagHoldingNFTs)
Mar 16, 2023
The transformation process hasnât been without issues, though â some users reported problems with their HV-MTL NFTs not showing important traits (Yuga Labs has since fixed the bug), and other users were scammed out of their NFTs by imposter websites.
Weâve resolved the issue of the Companion trait not showing correctly on HV-MTL Power Sources. The metadata has been updated and the trait has been re-added to the collection.
— Bored Ape Yacht Club (@BoredApeYC)
Mar 16, 2023
Websites impersonating successful NFT collections like the BAYC brand will likely always be a thing â and companies like Yuga can do their best to monitor and prevent such things, but in the end, itâs up to individual NFT holders to do their own research and make sure theyâre using the correct web URLs.
I did not own any Yuga NFTs, so
I bought my Sewer Pass on OS
I played Dookey Dash......Poorly, LOL
I burned my Sewer Pass and got my HV-MTL
Bio Type, No Companion
I am loving my first interactive trip in YUGA
@BoredApeYC@AppliedPrimate@mutant_cartel
— AlmostBlueChip.ETH (@AlmostBlueChip)
Mar 16, 2023
Regardless of any issues that have been occurring with them, this is an exciting moment in history for the NFT industry, where Yuga Labs â a company that has set countless standards for other NFT projects in the space â is stepping forward with a new project, making opportunities for investors like the Twitter user above to get into the BAYC universe for the first time.
Which pseudonym belongs to one of BAYCâs co-founders?
A. VitalikFan123
B. Emperor Tomato Ketchup
C. Sassy
B. Lord of the Pies
Scroll down to the bottom to see if you're right!
Other Top Stories Today đ˘
Thereâs a new web standard on the block(chain), and itâs actually unblockable! Ethereum now has web URLs in the form âweb3://â â which is a decentralized version of http://, according to ETHStorage founder Qi Zhou. Enabled with the launch of ERC-4804, a new Ethereum standard, web3:// will allow users to access Ethereum dApps and NFTs with no concerns regarding censorship. Users will be browsing directly through EVM, the Ethereum Virtual Machine, instead of using Web2âs Hypertext Transfer Protocol, or HTTP.
Beatport, the biggest electronic music store in the world, is partnering with blockchain Polkadot. The goal? To create Beatport.io, a place for âartists, producers, and record labels to enjoy the benefits of Web3, while also giving music fans an opportunity to explore the value of digital collectibles and deepen their connection to their favorite artists and DJs,â according to a press release. We hadnât heard from Polkadot in a while, and itâs good to see it back in the spotlight. The two companies plan to host as many as 10 high-profile events in the next year and a half and even release a new NFT collection together.
The customer relationship management software firm behind Nike and Starbucksâ NFT ventures, has launched its loyalty program platform, Salesforce Web3, aimed specifically at helping big brands set up customer loyalty programs using NFTs and other blockchain technology. Theyâve also helped set up Hot Wheels, Barbie, and Crown Royal with their pilot program, and are moving on with their official release currently.
Adam Caplan, General Manager of Web3 at Salesforce, had this to say regarding the power of blockchain and crypto wallets in todayâs digital ecosystem: âAs regulations shift and Apple changes the rules around cookies⌠the crypto wallet becomes really powerful so I can directly engage with a customer and have access to that first-party data.â
â Trivia Answer
Answer: B.
Two of BAYCâs co-founders went by the pseudonyms âEmperor Tomato Ketchupâ and âNo Sass,â while another two went by âGargamelâ and âGordon Gonerâ before they were doxxed (had their identities revealed) in February 2022.
Web3 Resource of the Day
The Altcoin Reckoning | Video from Benjamin Cowen
Benjamin Cowen is one of our favorite analysts here at Tokengraph â he focuses on the facts and always makes sure to evaluate the market from several different angles, never presenting a strictly one-sided view. Today, heâs got a great video analyzing what Altcoin prices are doing relative to Bitcoinâs dominance in the space, taking a look at things from a macro perspective. Benjaminâs is a very grounded approach when it comes to technical analysis, not pulling any punches but always explaining things thoroughly for the viewer.
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