The Financial Drive-Thru

The hackers took on one of the biggest names in DeFi, but may have bitten off more than they could chew, as “Arthur_0x” warned, “you messed with the wrong person.”

Founder of major crypto investment firm DeFiance Capital “Arthur_0x” has suffered a hack on one of his hot wallets resulting in the loss of more than $1.6 million in nonfungible tokens (NFTs) and cryptocurrency.

In a tremendous show of support, the crypto community has come to his aid to help retrieve the stolen items as he asked people to blacklist the hacker’s wallet. Several individuals on Twitter have attempted to determine exactly how the hack occurred and where the hacker gained access to his wallets.

NFT community member “Cirrus” went as far as buying two of the stolen Azuki NFTs and deciding to return them to Arthur at cost.

A rug pull is when a crypto or NFT project suddenly closes down and the value of their token or NFT plummets without prior warning. In most cases, rug pulls are confirmations of a scam.

In total, Arthur appears to have lost 78 different NFTs from five collections, mostly “Azukis.” He also lost 68 wrapped Ether (wETH), 4,349 staked DYDX (stkDYDX) and 1,578 LooksRare (LOOKS) tokens. The hacker began moving assets at about 12:30 am UTC, then promptly put all the NFTs up for bid on the OpenSea NFT marketplace. As of the time of writing, the hacker’s wallet held 545 ETH, worth about $1.6 million.
Source: CoinTelegraph

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In a blog post, Senior Vice President and General Manager of Intel's Accelerated Computing Systems and Graphics Group Raja M. Koduri said Intel said will contribute to blockchain technology with a "roadmap of energy-efficient accelerators." Koduri said that the company is "mindful" that blockchains consume a lot of energy, which is why they are focusing on "energy-efficient computing technologies at scale."

Intel first revealed that it was working on a mining application-specific integrated circuit (ASIC) dubbed "Bonanza Mine" in January, when a product release was included in the agenda for an upcoming semiconductor conference.��Griid Infrastructure has also entered into a supply agreement for Intel's new mining ASICs. As part of the agreement, Intel has guaranteed that it will sell at least 25% of its mining ASICs production to Griid until 2025.

The mining ASICs will offer "1000x better performance per watt than mainstream GPUs for SHA-256 based mining," Koduri wrote. Large professional miners mostly use ASICs for bitcoin mining, however, so the graphics processing unit (GPU) comparison may not be as meaningful for them.
Source: Coindesk

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