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Hacker returns 17 million OP tokens

Quick Take The Wintermute exploiter has returned 17 million OP tokens to the Optimism contract address. One million OP tokens remain with the hacker as of press time. The exploiter who stole 20 million Optimism (OP) tokens from crypto market maker Wintermute has returned 17 million of those coins to the Optimism contract address. Data from Etherscan show 17 transfers of 1 million OP tokens each beginning at 12:09 PM UTC with the final transaction happening at 12: 31 PM …

Layer by Layer Issue 34: Optimism, Avalanche, and Solana

June 9, 2022, 12:50PM EDT • 23 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding The L2 scaling protocol Optimism has launched its native governance token as the team looks to attract further adoption of its network, but challenges with supporting infrastructure remain Avalanche and Solana have made progress on their own approaches to …

Optimism exploiter sends 1 million OP tokens to Vitalik Buterin’s wallet

Quick Take The attacker stole 20 million OP tokens from crypto market maker outfit Wintermute. They sent 1 million tokens to Vitalik Buterin’s wallet and delegated the token’s voting rights to Ethereum Foundation security researcher Yoav Weiss. The attacker who sniped 20 million Optimism (OP) tokens meant for crypto market maker Wintermute has sent 1 million of those coins to Ethereum co-founder Vitalik Buterin’s wallet address, according to PeckShield. Data from Etherscan shows the transfer occurred at 12:26 AM UTC …

Attacker snipes 20 million OP tokens intended for Wintermute loan

Ethereum scaling startup Optimism said Wednesday that an attacker interfered in a token recovery process involving Wintermute, resulting in the loss of some 20 million OP governance tokens.  As previously reported, the OP token went live at the end of May as part of a plan by Optimism — a Layer 2 network — to decentralize how the protocol is governed. An airdrop was held on May 31, and some of the total OP tokens were set aside to provide …

Optimism falters under high traffic following OP token launch

Optimism experienced a debilitating high load after its governance token OP launched, causing delays on the Optimism blockchain mainnet and remote procedure calls (RPCs).  The network delays are particularly notable given the attention Optimism’s token drop has received, following in the wake of other high-profile airdrops that encountered turbulence as well in their efforts to dole out tokens to community members and other stakeholders. Compounding the issue are indications that some participants were able to claim tokens ahead of the …

Optimism’s governance token OP officially goes live

The governance token for the rollup-based Layer 2 network Optimism has gone live.  The token is set to shift Optimism’s structure by fueling The Optimism Collective, a bicameral governance system for funding composed of Token House and Citizens’ House. The token will trade under the ticker OP and be distributed via airdrop to early users.  Individuals who used Optimism before March 25 can claim an airdrop of OP. A total of 231,000 addresses can claim 214 million OP tokens (5% …

Optimism (OP) token to hit market today, centralized exchanges say

Quick Take Optimism’s native token is all set to be available for trading today under the symbol OP.  Several exchanges have said they will list the token for spot trading. Optimism’s upcoming governance token OP will likely hit be launched today and be available for trading on centralized exchanges, according to multiple announcements by third parties. Several exchanges, including OKX, LBank, MEXC, and AAX, have released blog posts announcing plans to list the Optimism token at different times later today. …

An Updated View of Rollups Development

May 26, 2022, 12:05PM EDT • 15 min read Quick Take Rollups have seen significant adoption and development over the past year In general, optimistic rollups have outperformed zk rollups in terms of adoption, likely due to the convenience of EVM compatibility they offer Both DeFi and NFT activity have ramped up on rollups, indicating that Ethereum users have been migrating their funds to rollups A handful of ZK rollups are looking to support EVM compatibility, although that will likely …

Optimism cracks down on airdrop farmers, removing 17,000 addresses

Ethereum scaling solution Optimism has reduced the number of wallets that are eligible to receive its upcoming airdrop. According to a post on Twitter yesterday, Optimism has removed 17,000 addresses that it thinks were traders trying to deliberately game the system. This is a process known as airdrop farming, or also called a sybil attack. It’s done by those who are speculating that a project might do an airdrop. To do this, they spin up a lot of wallets and …

Mapping Out Optimism’s Ecosystem

May 17, 2022, 1:45PM EDT • 18 min read Quick Take Founded in 2019 by Karl Floersch, Jinglan Wang, and Ben Jones, Optimism is a layer-2 Ethereum scaling solution utilizing optimistic rollups In April 2022, Optimism announced its governance token OP and a new governance structure In total, The Block has noted and mapped out 121 projects across 11 verticals Join The Block Research for exclusive research like this Gain access to this research piece and 100s of others, including …