Hacker Steals $180K in Crypto From DeFi Protocol CoW Swap

• CoW Swap, a decentralized exchange (DEX), has been the victim of an exploit that saw a hacker steal over $180,000 worth of crypto.
• The hacker exploited a smart contract in the “solvers competition” of CoW Swap.
• Despite the exploit, CoW Swap says neither the protocol nor its users suffered any loss since the solver’s bond will pay for all damages.

CoW Swap DEX Exploited

CoW Swap, a decentralized exchange (DEX), has become the latest victim of an exploit by a hacker who stolen over $180,000 worth of crypto.

Exploit Details

The exploit happened yesterday and was first spotted by on-chain sleuth MevRefund and then confirmed by CoW Swap team. According to them, the hacker exploited „an external solver and used it to drain the settlement contract, which held seven days‘ worth of protocol fees.“ Nansen reported that around $180K was stolen with funds consolidated into two wallets containing DAI ($123K), BNB ($50K) and ETH ($7.4K).

No Losses Suffered

Despite confirming the exploit, CoW Swap noted that none of its users were affected as no funds were stolen from the protocol during this ordeal. The team also mentioned that all damages will be paid for by solver’s bond.

How Was CoW Swap Exploited?

CoW Swap engages in a “solver competition” where external parties compete to find optimal execution route for their users. The team explained that ten days ago; the exploiter hacked their smart contract which allowed anyone to transfer from settlement contract and tricked DEX GPv2Settlement contract to approve swapguard for DAI spending. Afterward they triggered swapguard to transfer DAI from GPv2Settlement Contract.

Conclusion

In conclusion CoW Swap was successfully exploited but luckily both protocol and its user did not suffer any losses thanks to solver’s bond covering all damages occurred during this incident

Floki Teams Up with Pencil of Promise to Build Schools in Ghana, Laos and Guatemala

• Floki, a meme coin project on BNB Chain, has partnered with Pencils of Promise to build a school in Ghana.
• The charity project includes six classroom blocks, one of which is built as a computer lab.
• On January 28th, the Floki DAO approved proposals to burn at least 4.97 trillion FLOKI tokens and reduce the network transaction tax to 0.3%.

Floki Partners with Pencil of Promise

Floki, a meme coin project on BNB chain, has partnered with Pencils of Promise to build a school in Ghana. The project will include six classroom blocks, one of which will be built as a computer lab.

Floki DAO Approves Proposals

On January 28th, the Floki DAO approved proposals to burn at least 4.97 trillion FLOKI tokens and reduce the network transaction tax to 0.3%. More than 99% of community members voted for this proposal. The burning date for these tokens is set for February 9th 2023..

Project in Other Nations

Apart from Ghana, countries like Laos and Guatemala will also receive schools from Floki’s charity initiative. This comes eight months after they completed their first school building in Nigeria with the help of Tabitha Cumi Foundation , an NGO backed by the United Nations and the Embassy of Japan..

Enhancing Crypto Education

The protocol hopes to leverage this initiative to enhance crypto and metaverse education to boost their adoption..

Conclusion

Floki’s commitment towards fostering education through its three pillars (charity work) is commendable and shows that it strives towards impacting lives positively across underdeveloped nations. Through its collaboration with Pencils of Promise and other organizations/foundations, it continues expanding its reach into different parts while simultaneously promoting crypto adoption globally

Aave Launches Protocol V3, Bringing Risk Mitigation, Capital Efficiency and Decentralized Liquidity

• Aave has deployed the third version of the protocol on the Ethereum mainnet
• Aave V3 introduces new risk mitigation features, improved capital efficiency, and decentralized liquidity
• Aave Protocol V3 is now live on the Ethereum market

Decentralized finance (DeFi) lending and borrowing platform Aave (AAVE) has deployed the third version of the protocol on the Ethereum mainnet, introducing new risk mitigation features, improved capital efficiency, and decentralized liquidity. The Aave DAO voted unanimously in favor of the proposal to deploy Aave V3 on Ethereum.

The latest version of Aave, V3, offers users a variety of new risk mitigation features like High-Efficiency Mode, which allows investors to increase their capital efficiency when staking or borrowing. Isolation Mode allows for more assets to be listed on Aave as collateral while keeping the security of the protocol. The upgrade also focuses on gas optimization and reduces gas costs across all functions by 20-25%.

Aave calls V3 the „most significant upgrade to the Aave protocol“ since its launch in January 2017. It was first deployed on Ethereum Layer-2 networks like Optimism, Polygon, Arbitrum, and Layer-1 blockchain Avalanche. Aave’s governance token AAVE remained flat after V3 was deployed. It’s currently trading at $88.12.

The Aave team is excited to see the new features that V3 brings to the market, with Stani Kulechov, Aave’s Founder and CEO, stating: “The most exciting aspect of V3 is its flexible design, which enables a variety of new risk mitigation features, and its improved capital efficiency & decentralized liquidity – all while reducing gas costs.”

The Aave team is confident that the new version of the protocol will bring more opportunities and advantages to its users. With the deployment of Aave V3 on the Ethereum mainnet, Aave is now ready to provide its users with a more secure and efficient platform.

Crypties Awards 2022: Celebrating Crypto Achievements Around The World!

-The inaugural Crypties Awards were held in Miami at Decrypt Studios in November 30, 2022.
-Live events such as panels and interviews were held at conferences and summits around the world, including Web Summit in Lisbon and 0xpo Summit in San Francisco.
-The award show was sponsored by Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721.

On November 30, 2022, the inaugural Crypties Awards were held in Miami at Decrypt Studios. The event was hosted by Josh Ostrovsky, popularly known as “The Fat Jewish” and featured presenters from a variety of crypto projects. Nine categories were available for awards, such as Crypto Unicorns, which was the winner of the Game of the Year category. The event was sponsored by Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721.

A variety of live events were held throughout the year in conjunction with the Crypties Awards. These included panels and interviews from conferences and summits around the world. One such event was Web Summit in Lisbon, where Tezos co-founder Kathleen Breitman discussed how the Tezos blockchain used a proof-of-stake mechanism since its inception and her admiration for Tendermint, Ethereum and sharding. Another event was 0xpo Summit in San Francisco, where Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and formerly Greylock, and Alex Strzesniewski of AngelBlock joined Decrypt’s Jason Nelson for an extensive panel on raising venture money even during Crypto Winter.

The Crypties Awards 2022 was a celebration of the accomplishments of the blockchain and cryptocurrency industry. It was a chance for the community to come together and recognize the hard work and dedication of the people involved in developing the technology, as well as those who are helping to promote its use and adoption. The awards show was an important milestone in the industry, and one that will be remembered for years to come.

Crypto Leaders Offer Insight into the State of the Space

• Blocknative CEO Matt Cutler and Decrypt’s Jason Nelson discussed the crypto space and Blocknative’s business at the 0xpo Crossroads in San Francisco.
• The Crypties 2022: Highlight Reel was held in December 2022 at Art Basel in Miami.
• Tezos co-founder Kathleen Breitman talked about proof-of-stake and Ethereum at the Web Summit in Lisbon, while venture capitalists discussed raising money during Crypto Winter at 0xpo Summit in San Francisco.

At the 0xpo Crossroads in San Francisco, Blocknative CEO Matt Cutler sat down with Decrypt’s Jason Nelson to discuss the crypto space and Blocknative’s business. The discussion covered misconceptions in the space, as well as the progress that Blocknative has made in the past year. The two also discussed the importance of understanding the nuances of the technology to ensure that it is used to its fullest potential.

The Crypties 2022: Highlight Reel was held in December 2022 at Art Basel in Miami. The awards gala, hosted by Josh Ostrovsky („The Fat Jewish“), had a range of crypto projects in attendance, offering statuettes in nine categories. The evening was sponsored by Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721.

At the Web Summit in Lisbon, Tezos co-founder Kathleen Breitman gave a talk on the Tezos blockchain’s use of a proof-of-stake mechanism since its inception, her admiration for Tendermint, Ethereum, and sharding, progressive decentralization, and NFT gaming with Decrypt’s Stephen Graves. In addition, venture capitalists Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and formerly Greylock, and Alex Strzesniewski of AngelBlock joined Decrypt’s Jason Nelson at 0xpo Summit in San Francisco for an extensive panel on raising venture money even during Crypto Winter. The panelists discussed a range of topics, from the best strategies for raising money in a bear market, to the importance of understanding the nuances of the technology in order to ensure successful investments.

Overall, the events provided valuable insight into the crypto space, offering new perspectives on the technology and its current state. Matt Cutler and Kathleen Breitman discussed the importance of understanding the nuances of the technology to ensure that it is used to its fullest potential, while the venture capitalists discussed the best strategies for raising money during Crypto Winter. The Crypties 2022: Highlight Reel was a star-studded event, offering statuettes in nine categories, sponsored by a range of crypto projects. All in all, these events offered insight into the state of the crypto space, from the perspectives of industry leaders.

Blockchain Revolution: Industry Leaders Shaping the Future of Web3

• Francesco Agosti, co-founder of Phantom, was featured at 0xpo Crossroads in San Francisco to discuss the history and future of Phantom.
• The inaugural Crypties Awards Gala was held in Miami at Art Basel in December 2022, with celebrities, sponsors and presenters from various crypto projects.
• Kathleen Breitman, co-founder of Tezos, spoke at Web Summit in Lisbon about the proof-of-stake mechanism, Ethereum, sharding and NFT gaming.

On November 3rd, Francesco Agosti, co-founder of the popular Solana dapp, was featured at 0xpo Crossroads in San Francisco. He sat down with Decrypt’s Jason Nelson to discuss the history of Phantom and what the future holds for Web3. Agosti shared his insights and experience on how Phantom has helped to revolutionize the blockchain space. He also discussed the importance of decentralized applications and how they are changing the way we interact with technology.

In December 2022, Decrypt Studios held the inaugural Crypties awards gala at Art Basel in Miami. The night was hosted by Josh Ostrovsky („The Fat Jewish“) and presenters from a range of crypto projects were in attendance. Several sponsors were on hand to offer their support and recognition to the winners, including Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721.

Kathleen Breitman, co-founder of Tezos, was also featured at Web Summit in Lisbon. During her live onstage panel, she spoke about the Tezos blockchain’s use of proof-of-stake mechanism since its inception and her admiration for Tendermint, Ethereum and sharding. She also discussed progressive decentralization and NFT gaming with Decrypt’s Stephen Graves.

The events of the past few months have been groundbreaking for the blockchain space. With the help of industry leaders like Agosti, Breitman, and the sponsors of the Crypties Awards Gala, the promise of Web3 is closer than ever. It is clear that the decentralized technology is here to stay, and the future of blockchain is looking brighter than ever.

Live Blockchain Events Take Off: From Phantom to Tezos, Crypto Gatherings Abound

Bullet Points:
• Phantom Co-Founder Francesco Agosti spoke at 0xpo Crossroads on November 3
• The Crypties 2022 awards gala was held in December 2022 at Art Basel in Miami
• Kathleen Breitman discussed Tezos’ proof-of-stake mechanism at Web Summit in Lisbon and venture capital raising strategies at 0xpo Summit in San Francisco

Live events have become a staple of the blockchain and cryptocurrency communities. On November 3, Francesco Agosti, the co-founder of Phantom, a popular Solana dapp, took the stage at 0xpo Crossroads in San Francisco to discuss the history of Phantom and his hopes for the future of Web3. The event, hosted by Decrypt’s Jason Nelson, covered a wide range of topics, from the story of Phantom’s founding to the use of DeFi in the blockchain space.

In December 2022, Decrypt Studios held the inaugural Crypties awards gala in Miami at Art Basel. With emcee Josh Ostrovsky („The Fat Jewish“) and presenters from crypto projects around the world, nine categories of awards were given out. The event was sponsored by Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721.

Kathleen Breitman, the co-founder of Tezos, was also featured in a live event in 2022, speaking at Web Summit in Lisbon. At the summit, she discussed the innovative proof-of-stake system employed by the Tezos blockchain, her admiration for Tendermint, Ethereum, and sharding, progressive decentralization, and NFT gaming. Finally, a panel of venture capitalists, including Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and formerly Greylock, and Alex Strzesniewski of AngelBlock, took the stage at 0xpo Summit in San Francisco to discuss strategies for raising venture capital even during Crypto Winter.

Live events have become a great way for blockchain and cryptocurrency enthusiasts to connect and learn from one another, and the events listed above are just a few examples of the type of events taking place in the space. From Francesco Agosti’s insights into Phantom to the Crypties 2022 awards gala, and from Kathleen Breitman’s description of the Tezos blockchain to the venture capital strategies discussed at 0xpo Summit, these events have brought the blockchain community closer together and given everyone a chance to learn from the experts.

Phantom Co-Founder Talks History and Future of Web3 at 0xpo

• Phantom Co-Founder Francesco Agosti was interviewed at 0xpo Crossroads in San Francisco on November 3.
• The discussion focused on the history of Phantom and what is expected in Web3.
• Live Events are available where panels and interviews from conferences and summits occur.

Phantom Co-Founder Francesco Agosti was recently featured in an interview at 0xpo Crossroads in San Francisco on November 3. The event was hosted by Decrypt’s Jason Nelson and was an opportunity for Agosti to talk about the history of Phantom and what the world can expect from Web3.

Phantom is a popular Solana dapp that is making waves in the blockchain industry. Agosti discussed its beginnings and how it has grown to become such an influential tool in the blockchain space. He also spoke about the importance of Web3 and the impact it can have on the industry. Agosti said that Web3 is the future and it will be a major part of the blockchain landscape for years to come.

In addition to the interview, there are a number of live events that feature panels and interviews from conferences and summits. These events allow people to learn more about the latest developments in the blockchain industry, as well as network with industry leaders and experts.

Overall, the interview with Agosti was a great opportunity to get an inside look at the history of Phantom and the potential of Web3. It also provided insight into the live events that are available to attend, giving people the opportunity to engage with industry leaders and gain a better understanding of the industry.

Crypto Community Celebrates at Inaugural Crypties Awards Gala

• The Crypties 2022, the inaugural Crypties awards gala was held in December 2022 at Art Basel in Miami.
• Francesco Agosti, the Phantom Co-founder, sat down with Decrypt’s Jason Nelson to discuss the history of Phantom and what he’s looking forward to in Web3.
• Kathleen Breitman of Tezos discussed how the Tezos blockchain has used a proof-of-stake mechanism since its inception at Web Summit in Lisbon.

At the end of 2022, Decrypt Studios held the inaugural Crypties awards gala at Art Basel in Miami. With emcee Josh Ostrovsky („The Fat Jewish“) and presenters from a range of crypto projects, statuettes were awarded in nine categories and the evening was sponsored by Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721.

On November 3, Decrypt’s Jason Nelson sat down with Francesco Agosti, the Phantom Co-Founder, at 0xpo Crossroads in San Francisco to discuss the history of Phantom and what he’s looking forward to in Web3. Agosti is one of the masterminds behind the popular Solana dapp and was eager to share the story behind the project. He spoke of the challenges in the early days of development and his hopes for the future of Web3, believing that the key to unlocking the potential of the technology lies in making it easier for developers to build on it.

At Web Summit in Lisbon, Kathleen Breitman of Tezos discussed how the Tezos blockchain has used a proof-of-stake mechanism since its inception. She spoke of her admiration for Tendermint, Ethereum and sharding, progressive decentralization, and NFT gaming. Breitman also discussed the importance of raising capital in a bear market and the difficulty of finding investors who share their vision.

Finally, the 0xpo Summit hosted a panel featuring Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and former Coinbase executive Dan Romero. They discussed the importance of understanding the current state of the market, the challenges of raising in a bear market, and the need for investors to be actively involved in the development of the projects in which they invest. They also touched on the importance of understanding the needs of the community and the need for investors to be willing to take risks in order to reap rewards.

Decrypt Events: A Source of Inspiration for the Crypto Industry

• Phantom Co-Founder Francesco Agosti was interviewed at 0xpo Crossroads in San Francisco on November 3.
• The Crypties 2022 awards gala held at Art Basel in Miami featured emcee Josh Ostrovsky and presenters from a range of crypto projects.
• Tezos Co-Founder Kathleen Breitman was interviewed onstage at Web Summit in Lisbon, and a panel on raising venture money during Crypto Winter was held at 0xpo Summit in San Francisco.

Decrypt’s 0xpo Crossroads provided a platform for the Phantom Co-Founder Francesco Agosti to share the history of Phantom and his excitement for the future of Web3. Onstage panels and interviews from conferences and summits have been a source of inspiration for the crypto industry. The Crypties 2022 awards gala held at Art Basel in Miami was a celebration of the best the industry had to offer. The star-studded event was hosted by Josh Ostrovsky („The Fat Jewish“) and sponsored by a range of projects, including Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721.

Kathleen Breitman, co-founder of the Tezos blockchain, was interviewed onstage at Web Summit in Lisbon. She spoke about how the Tezos blockchain was ahead of the proof-of-stake merge, her admiration for Tendermint, Ethereum, and sharding, progressive decentralization, and NFT gaming.

Finally, a panel on raising venture money even during Crypto Winter was held at 0xpo Summit in San Francisco. The panel featured Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and formerly Greylock, and Alex Strzesniewski of AngelBlock, and was moderated by Decrypt’s Jason Nelson. The panelists discussed the current state of venture capital fundraising and provided advice on how to navigate the bear market.

Decrypt’s conferences and summits have provided a platform for industry leaders to share their thoughts and insights on the crypto space. From the Phantom Co-Founder Francesco Agosti discussing the history of Phantom at 0xpo Crossroads to the Crypties 2022 awards gala at Art Basel in Miami, Decrypt has been a leader in bringing exciting events to the crypto industry. Tezos Co-Founder Kathleen Breitman was interviewed onstage at Web Summit in Lisbon and a panel on raising venture money during Crypto Winter was held at 0xpo Summit in San Francisco. Through these events, Decrypt has enabled industry leaders to share their knowledge and expertise with the world.