Posts

Showing posts with the label developer

Bitcoin dev Jon Atack got arrested in El Salvador this weekend

Over the weekend, law enforcement in El Salvador arrested and subsequently freed senior Bitcoin developer Jon Atack on what he described as “false accusations.” Social media erupted with concern over his safety after he tweeted that his phone and passport had been confiscated, making it difficult for him to communicate with the outside world. At one point, law enforcement informed him of his imminent detainment at a nearby prison; however, he was able to avoid that trip. The presidentially appointed director of the National Bitcoin Office and staunchly pro-Nayib Bukele administration spokeswoman said Atack’s neighbor called the authorities on him following a heated, verbal dispute . Nayib Bukele’s administrator manages the media crisis This administrator, Stacy Herbert, was actively responding to questions about the situation and managing social media communications about the incident. She noted that Atack had retained a lawyer and that the situation proceeded in a...

Dev loses $27M in Ethereum restaking giant Renzo, offers 10% bounty

A crypto developer is pleading for help and offering a bounty worth millions after accidentally sending $25 million of Renzo tokens to the wrong Ethereum address. The dev sent 7,912 ezETH, a type of liquid restaking token worth over $3,400 apiece, to what is known as a Safe Module instead of a Safe. With funds now frozen, the developer is offering 10% — a $2.5 million reward — to anyone who can retrieve his funds. The tokens went to an Ethereum contract address labeled ‘CoboSafeAccount.’ Despite having keys to that wallet, the dev’s particular token type and a bug in ERC-20 transaction handling prohibit recovery. That CoboSafeAccount now holds about $27 million in Renzo Restaked ETH (ezETH) — slightly higher than his initial deposit due to Monday’s rally in the price of ether (ETH). Renzo is a liquid restaking protocol that interoperates with EigenLayer, a layer 2 on Ethereum. It allows users to gain access to Ethereum’s proof-of-stake y...