AltLayer Head of Growth Allegedly Profits from Insider Trading

🔍 AltLayer Insider Trading Scandal

Insider Trading Evidence: Dorothy_Defi, head of growth at AltLayer, is allegedly linked to insider trading, profiting $200,000. The connection is made through two addresses.

Suspicious NFT Transactions: Nine months ago, doro.eth transferred an Oh Ottie NFT to 0x421, not through a sale but a direct transfer. 0x421's activities with OG Badges and Oh Ottie's raised suspicions.

Significant $ALT Profits: Both addresses, doro.eth and 0x421, claimed and sold 323,000 $ALT each within minutes, totaling $206,000. Additionally, a potential connection to another address, which made $83,000 from 260,000 $ALT, is suggested. Read More.

️ On today's Top Picks:

  1. 🗓️ Ethereum Dencun upgrade timeline set.
  2. ⚡ Namada Shielded Expedition outlined.
  3. 🪂 $WEN airdrop on Solana is live.
  4. 💸 Socket releases recovery plan.

Read time: ⏰ 7 minutes


Crypto News


Adam Cochran alleges HTX is insolvent and both $TUSD & $stUDS are unbacked.

• ⭐️ Ethereum Dencun upgrade timeline set with Mainnet planned for late February or early March.

Polygon launches Agglayer, a blockchain aggregation layer to connect blockchains with zero-knowledge proofs.

Aleo mainnet set to launch in next few weeks as final bugs are fixed.

CLabs evaluates L2 stack options for Celo's migration to an L2 on Ethereum.

US Government to sell $130M worth of Bitcoin seized from the Silk Road.

Tesla $TSLA reveals none of its Bitcoin worth ~$435M was sold in Q4 '23.

KT Corporation closes its NFT platform MINCL citing its shifting business conditions.

Alpha


• ⭐️ Namada Shielded Expedition transmission outlines the details of upcoming campaign.

Aptos launches Ecosystem Fundamentals Quest 3 on Galxe.

Burnt (XION) launches Crash Game, an example of generalized abstraction.

Parallel Network launches Why Parallel is Needed quest on Galxe.

RedStone Oracles launches DeltaPrime 1 Year Collaboration Aniversary quest on Galxe.

Jumper launches Berachain HoneyComb NFT raffle on Galxe.

Socket 2.0 has been achieved internally according to Socket developer on X.

ZetaChain releases complete token utility and distribution documentation.

DeBank launches MANTA Airdrop Hunter Web3 badge for users who received the MANTA airdrop.

Airdrops


Is EigenLayer $EIGEN Worth It by Olimpio.

AltLayer $ALT airdrop is live for NFT holders, testnet participants, and EigenLayer restakers.

• ⭐️ WEN $WEN airdrop by Jupiter and Ovols is live.

Mantle releases Journey Season Alpha reward guide.

Entangle incentivized testnet by Crypto Snooper.

DeFi $DEFI quick review by mztacat.

Masa Network airdrop strategy by Airdrop Official.

Finance News


Tesla $TSLA dips as it misses expectations and warns of 2024 slowdown.

Intel $INTC forecast revenue for Q1 24' could miss esitimates by $2B+ due to uncertain demand for its chips.

Microsoft $MSFT to cut 1900 staff from Activision Blizzard and Xbox.

Nokia $NOK begins $653M share buyback program as 2023 profits plunge.

Security and Exploits


• ⭐️ Socket releases recovery plan with 100% reimbursements for all affected users.

Ozys alleges former security officer weakened firewall leading to $81.5M hack of Orbit Bridge.

Optimism proposes protocol upgrade to improve response to security incidents.

Mother Of All Breaches containing data from previous breaches and billions of records discovered by cybersecurity researcher.

Token Unlocks


• Yield Guild Games / 16.69M $YGG / ~$7.2M / JAN 27
• SingularityNET / 9.11M $AGIX / ~$2.3M / JAN 27


Funding


Canaan $CAN, a Bitcoin mining firm; raises $50M in preferred shares financing from an undisclosed investor.

Sygnum Bank, a digital asset bank; raises $40M in strategic growth funding from Azimut Group.

Axiom, an Ethereum historical data protocol; raises $20M in Series A funding led by Paradigm & Standard Crypto.

BitFlow, a Bitcoin DeFi platform; raises $1.3M in Pre-Seed funding led by Portal Ventures.

B² Network, a Bitcoin layer 2; raises an undisclosed amount in Seed funding.

Superbridge, native bridging for rollups, receives a grant from Optimism.

The Degen Farmer

Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!

PROTOCOLASSETSAPY
Uniswap V3 logoUniswap V3 (Ethereum)WBAIUSDC169.28%
Notional V3 logoNotional V3 (Arbitrum)NUSDC66.17%
Beefy logoBeefy (Ethereum)MKUSDUSDC50.31%
Jones DAO logoJones DAO (Arbitrum)JUSDC48.28%
Vela Exchange logoVela Exchange (Arbitrum)USDC40.44%
Aerodrome logoAerodrome (Base)EUSDUSDC40.37%
Abracadabra logoAbracadabra (Arbitrum)MIMUSDCUSDT36.17%
Merkl logoMerkl (Arbitrum)STEURUSDC32.06%
. . .

+$600,000,000 in airdrops was lost

Don't you hate it when you qualify to an airdrop but it's already expired and can't be claimed?

Coming in: Earndrop is a cryptocurrency airdrops finder.

Paste your wallet and the site will show you if you have anything to claim!

With a free account, you also get email alerts when your wallets are eligible to claim something new.

🪂 Don't miss any more airdrops →

. . .

That’s it for today’s edition! See you soon.

Join the conversation

or to participate.