#DODO CRYPTO COINBASE UPDATE#

The protocol also attracted investment from bigger investors like Coinbase Ventures, Galaxy Digital, and Alameda Research.ĭespite today’s exploit on the DeFi protocol, its native cryptocurrency token has remained relatively stable, and at the time of writing, DODO was trading at $3.94, down by a little over 2.55% at midday (ET), but was already up 1.17% to $4.09 at press time. Decentralized exchange and liquidity provider DODO was hacked earlier today, resulting in a loss of funds amounting to 3.8 million.

The protocol raised a $600,000 seed round led by Framework Ventures, after which it raised an additional $5 million in a private sale funding round led by Three Arrows Capital, Binance Labs, and Pantera Capital. DODO Exchange is a capital-efficient, low-slippage on-chain liquidity provider built currently on Ethereum and Binance Smart Chain and powered by the. Many in the crypto community were optimistic about the project that was launched back in August 2020. Easily convert DODO to Platinum with our cryptocurrency converter. Easily convert DODO to Peruvian Sol with our cryptocurrency converter. Why It Matters: The DODO protocol’s native token DODO rose over 96% in a single day on February 18 after announcing it would soon be launched on Binance Smart Chain (BSC). Easily convert DODO to Peruvian Sol with our cryptocurrency converter. Easily convert DODO to West African Cfa Franc with our cryptocurrency converter.

The hack in question took place as a result of an exploiter creating a counterfeit DODO token by manipulating a bug in DODO’s V2 smart contract Crowdpool.

#DODO CRYPTO COINBASE UPDATE#

In an update about the recent events on the protocol's website, DODO later stated that they expected $1.88 million of the stolen funds to be returned. WSZO, WCRES, ETHA, and FUSI pools were impacted, while AC pool funds have been fully recovered.įunds in all other pools, including all V1 pools and all non-Crowdpool V2 pools, are safe.Īs a precautionary measure, the exchange temporarily disabled the pool creation portal while stating on Twitter that they were working closely with their security partner to recover the lost funds. Easily convert DODO to Czech Koruna with our cryptocurrency converter. Coinbase's CEO, Brian Armstrong, addressed controversial issues within the company through a post, despite potential negative distractions and doubts about his qualifications as a leader.On March 8, Several DODO V2 Crowdpools were attacked. Easily convert DODO to Czech Koruna with our cryptocurrency converter. How did Coinbase address controversial issues? Coinbase faced internal distractions and debates over social issues, which affected the company's focus and unity. What challenges did Coinbase face internally? Coinbase took a slow and cautious approach to hiring, maintaining a high bar for candidates, and grew rapidly in 2021-2022, leading to the need for headcount reductions.

How did Coinbase handle hiring and growth? Coinbase persevered through uncertain market conditions and challenges, with Brian Armstrong's determination and commitment driving the company's growth. How did Coinbase overcome challenges in the early years? Brian Armstrong quit his job and joined Y Combinator after being encouraged by someone who believed in the potential of Bitcoin.

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