The Layer 2 scaling solution provider failed to sync its Optimism address to an Ethereum address before a large transfer.
The stolen OP tokens were valued at $35 million at the time of the hack, with 19 million tokens still missing.
Optimism may have a good reason to be pessimistic.
The company behind the Ethereum scaling protocol announced today that in preparing to launch a native OP token for the Optimism Collective DAO, it accidentally sent 20 million tokens to the wrong blockchain address. The error resulted in the theft of all 20 million OP tokens by a hacker.
DAOs, or decentralized autonomous organizations, are blockchain-based collectives that vote on decisions, often via a native token. Optimism created OP as the governance token for its DAO, and hired market maker Wintermute to more efficiently distribute the 20 million OP tokens in an airdrop to Optimism Collective stakeholders to continue its launch.
Optimism sent two test transactions to Wintermute before sending over...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...