Web3 & DAO News: Week 42, 2022

Here’s the next weekly recap of significant happenings 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.

Hacker Siphons $300,000 From Olympus DAO, Returns It Hours Later — Crypto Daily UK

• OlympusDAO became the latest DeFi protocol to be hacked in October.
• Funds returned following a negotiated deal that saw them pocket a bounty.

Hacker Siphons $300,000 From Olympus DAO, Returns It Hours Later

Hacker Gets To Keep $50 Million in Mango Heist — Bloomberg

• Hacker returns half of stolen $100 Million.
• DeFi platform promised not to prosecute hacker or freeze funds.

https://t.co/7AFurGsBbn

SushiSwap Proposes New DAO Structure in Bid to Revive Exchange — DailyCoin

• SushiSwap is en route to restructuring its DAO.
• Proposal to replace the existing Sushi DAO with a new governance framework is live.

SushiSwap (SUSHI) Proposes New DAO Structure in Bid to Revive Exchange - DailyCoin

Alien Worlds NFT Game Launches In-Game DAOs to Spur Competition –Decrypt Media

• WAX-centric P2E NFT game — Alien Worlds announced the launch of in-game DAOs.
• Players compete to earn $TLM needed to control one of the six rival DAOs.

Alien Worlds NFT Game Launches In-Game DAOs to Spur Competition - Decrypt

Gavin Wood steps down as CEO of Parity — @Cointelegraph

• Polkadot co-founder steps down as ParityTech’s CEO.
• Will remain the company’s majority shareholder
• Takes on the title of chief architect focusing on promoting Web3’s mass adoption.

Polkadot co-founder Gavin Wood steps down as CEO of Parity

There’s the recap of the latest Web3 and DAO news and their direct sources for you to #DYOR.

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

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