Web3 and DAO News: Week 40

This is the eighth weekly issue of DIA Community Hub’s recap of important news within the Web3 and DAO space.

Subsequent threads are formatted to include the latest news, their TL;DR, and direct links for you to explore more.

Keep reading as the hub brings you up to speed with the latest Web3 happenings.

Mango Hit by $100 Million Exploit — Coindesk

• The Solana-based DeFi platform — Mango Markets had funds up to $100 million drained.
• The hacker utilized an oracle price manipulation.
• $MNGO down by 40% following hack.

Solana-Based Decentralized Finance Platform Mango Hit by $100 Million Exploit

Mango DAO Offers Hacker $47M to Settle Without Pressing Charges –Decrypt Media

• Mango Markets DAO offers the hacker a bug bounty.
• The hacker might get to keep almost half of the stolen funds.

Mango DAO Offers Hacker $47M to Settle Without Pressing Charges - Decrypt

CFTC Finally Settles Claims Against OokiDAO — CFTC

• CFTC imposes $250,000 penalty for offering illegal digital asset trading and other violations.
• Establishes a novel theory of liability imposed on DAO contributors.

CFTC Imposes $250,000 Penalty Against bZeroX, LLC and Its Founders and Charges Successor Ooki DAO…

Temple DAO Exploited For $2M — Bitcoinist

• Hackers take advantage of an exploit within Temple DAO’s code.
• Temple DAO’s liquidity pool code was seemingly unaudited.
• Exploiter swapped LP tokens for $ETH.

Temple DAO Exploited For $2M | Bitcoinist.com

Yam DAO mulling distribution of treasury among token holders — The Block

• Yam Finance’s governance body debates calling it a day.
• A proposal recommends that the project shuts down and distributes its treasury among token holders.

Yam DAO mulling distribution of treasury among token holders

Google to accept crypto payments for cloud services — Coindesk

• Googlecloud partners with Coinbase to accept crypto payment for cloud services.
• The tech giant will also use Coinbase’s custody service — Coinbase Prime.

Google Partners With Coinbase to Accept Crypto Payments for Cloud Services

That’s the recap of the latest Web3 and DAO news and their direct sources for you to do your own research.

Next week, relevant happenings within the week will be brought to your notice by the next issue of the DIA Community News Thread.

DIA Community Hub

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