Daily Crypto Report

"Yuga finally deletes infinite ape code." June 8, 2022

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Today’s blockchain and cryptocurrency news

Brought to you by the new web3 with a16z podcast

Bitcoin is up slightly at $30,392

Ethereum is up slightly at $1806
and Binance Coin is up slightly at $290

Theta Network up 15%

Yuga Labs removes infinite ape code.

Solana has set up a 100M fund for Korean crypto startups

PayPal has converted its conditional virtual currency license to a full bitlicense.

Aurora labs pays $6M bounty to a white hat

Osmosis exploited for up to $5M.

Links:

  • EmperorTomatoKetchup on Twitter: "@Blockworks_ The contract owner has now been burned. While we’d been meaning to do this for a long time, we hadn't out of an abundance of caution. Felt comfortable doing it now. All done. In lay terms: The issue flagged in this article is now impossible." / Twitter
  • Osmosis 🧪 on Twitter: "Liquidity pools were NOT "completely drained". Devs are fixing the bug, scoping the size of losses (likely in the range of ~$5M), and working on recovery. More info to come." / Twitter
  • PayPal Converts Conditional Virtual Currency License to Full BitLicense
  • Solana launches $100M investment and grant fund for South Korean web3 startups | TechCrunch
  • Aurora Labs pays $6 million reward to hacker who saved 70,000 ETH from getting stolen

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