Clanker Employee Outed as Velodrome Thief

Clanker , an AI agent launchpad on Coinbase’s Ethereum Layer 2, Base, has announced the departure of developer Proxystudio, who has been identified as a previous member of the Velodrome Finance team responsible for a $350,000 theft. During his time at Velodrome, Proxystudio, better known under his previous pseudonym of Gabagool.eth, stole roughly $350,000 of team funds from the project. On August 13, 2022, Velodrome released information following the theft, stating, “An attacker managed to drain $350k from this [team-owned] wallet…Much to our disappointment, we learned the attacker was a fellow team member, Gabagool.” To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io