Today we’re taking a brief look into Jared Gray, who’s appointment as CEO of SushiSwap sent the coin price tumbling 10% - after reports came out that he had inappropriate relations with a horse.
Obviously, Jared has denied all allegations - I mean, who wouldn’t. But that’s not all, there are also allegations of fraud, with some influencers outing his alleged crimes on twitter and asking why Jared, who they call a ‘’scammer and a con artist’’ was even among the options for new CEO.
While it’s safe to say SushiSwap has seen their fair share of controversial news THIS level of scandal isn’t doing any favours for the once popular decentralized exchange - clearly demonstrated by the coin price plummeting.
0:00 Intro 0:28 Allegations against Jared Gray 1:57 SushiSwap Governance Issues
$3.9bn of Crypto was hacked or stolen in 2022 alone. 2021 saw about $3.2bn vanish, which was already a 6 fold increase compared to 2020. The question is - with both legislators and prosecutors out for blood, will this year be any different?
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Maybe you’ve been so deep into crypto and DeFi that you missed the story happening across the street in traditional finance land with payments giant PayPal – but it really blew our minds and we think it’s worth highlighting.
Earlier last month PayPal said that users spreading misinformation would be subject to a $2,500 fine. It removed the language from its acceptable use policy after intense backlash. But the increased scrutiny drew attention to the fact that similar terms had been in place in its user agreement for years.
0:12 PayPal's $2,500 fine
0:50 Why DeFi matters
1:08 PayPal's new policy
2:48 Regulating user behavior
4:01 Prior shutdowns
4:37 PayPal isn't the only one...
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We’ve had yet another turbulent week in the DeFi space as four projects were exploited or hacked - on the same day. Let’s dive in!
Considering the amount of DeFi hacks tripled in 2021 with no sign of slowing down in 2022, the real question here is WHY have there been so many hacks in the first place? It’s down to many factors including lack of necessary audits, relying on oracles, and using untested technology like blockchain bridges and complex smart contracts. Some are even speculating these hacks are inside jobs, from devs who purposely leave a loophole in the code they can come back to exploit.
1:14 Mango
2:41 TempleDAO
3:18 Rabby Wallet
3:37 QAN platform
4:11 Ongoing exploits in DeFi
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In this week's Hot Stuff we're covering three metaverse stories:
2:27 Merit Circle's Sphere
8:48 Gala Games’ blockchain game Grit will debut on the Epic Games Store
10:19 We Are All Going to Die (wagdie)
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At first glance, DeFi -- or decentralised finance, can appear a little intimidating to get started with. For those who feel lost or don't know where to begin, we've put together a series of 30 films that will gently place you into the world of DeFi and explain what it is, how it works, and where to get started. We will cover the basics, and a little extra, concisely as possible. It is up to you to take the leap of faith.
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GM defiers! Today we’re diving into zkSync Era. This is a zero-knowledge-powered Layer 2 scaling solution for Ethereum from Matter Labs. And it’s attracted over $120M in TVL since launching its public mainnet two months ago.
Matter Labs managed to raise $200M in November during the depths of the bear market, so VCs certainly think that its technology holds promise.
Today, we’re going to use some applications that are live on Era. And if you watch till the end, we’ll walk you through the exact steps to qualify for their ‘potential’ airdrop, so stick around.
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