Day: December 3, 2023

Jupiter, a decentralized exchange (DEX) aggregator built on the Solana (SOL) blockchain, has initiated the process for claiming its JUP token airdrop. The airdrop is structured to distribute 40% of the total JUP token supply, equivalent to four billion tokens out of the total 10 billion. The distribution plan unfolds in four phases, as outlined…

HEADLINE SUMMARY: Platypus Finance Hack Suspects Acquitted by French Court Due to Smart Contract Technicality DETAILS: In February 2023, the individuals behind the $8.5 million hack of Platypus Finance on the Avalanche network were cleared of criminal charges by a French court. The court ruled that their use of a flawed smart contract did not…

Utah’s top judge threatens SEC lawyers with sanctions over ‘misrepresentations’ in crypto case The Securities and Exchange Commission (SEC) has been ordered by Utah’s top federal judge to explain statements made over the course of its efforts to implement and maintain a temporary restraining order (TRO) against crypto firm DEBT Box , a new court…

QUICK TAKEThe Arbitrum DAO has approved a $23.54 million one-time “backfund” to support 26 projects that missed out on its initial round of grant funding.The initiative, which passed with two-thirds voting in favor, aims to develop and incentivize the use of the projects’ applications on the Ethereum Layer 2 network. The Arbitrum DAO has voted…