Velodrome: $350,000 in funds stolen from project wallet by former team member recovered

[Velodrome: The $350,000 stolen from the project wallet by former team members has been recovered] On August 14, Velodrome, an Optimism-based trading and liquidity market, announced that it had confirmed that a former team member was responsible for the $350,000 that occurred in early August. responsible for the dollar theft, and the funds have been recovered.

It was previously reported that members of the Velodrome team stole $350,000 from the project wallet. (The Block)

Other news:

Velo Labs announces that Mike Kennedy will resign as CEO and be replaced by Mike Cowans: On May 7th, according to official news, Velo Labs, a provider of blockchain payment and transaction solutions, announced today that Mike Kennedy will resign as CEO of Velo Labs official post. Mike joined Velo in March 2021 when Velo acquired Interstellar, of which Mike was CEO.

In the interim, Mike will be replaced by Mike Cowans, Chief Revenue Officer of Lightnet, Velo Labs' sister company. Cowans previously held executive positions at Ciphertrace, Ripple and IBM. [2022/5/7 2:56:40]

MXC Matcha will launch VELO, the machine gun pool mine, and open USDT trading at 17:00 on March 11: According to the official announcement, at 12:00 March 11, MXC Matcha will launch the 38th phase of the machine gun pool mine project VELO (Velo). From March 11th to 14th, pledge USDT, MX, BTC, and ETH to mine VELO. The minimum investment amount is 1USDT, 10MX, 0.001BTC, and 0.01ETH. There is no upper limit for a single pledge pool. VELO/USDT trading will be opened at 17:00 on March 11.

Velo aims to establish a decentralized settlement network that empowers partners so that they can conduct equivalent exchanges with each other in a safe, timely and transparent manner. MX DeFi supports impermanent loss compensation system to protect users' principal from impermanent loss. [2021/3/11 18:35:22]

News | Software Company Swivel Joins GeTS Blockchain Trade Platform to Improve Supply Chain Transparency: Global eTrade Services (GeTS) announced today that Swivel Software Ltd. (Swivel) and its user community have officially joined the GeTS Open Trade Blockchain (OTB) ” platform, a trusted node built for the trading community to increase transparency and trust in the supply chain. (Prnewswire) [2019/10/8]