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Huge ‘screw-up’ — Pump Science apologizes after flood of fraud tokens

Pump Science partially blamed Solana-based software firm BuilderZ for leaving the private key to the dev wallet address on GitHub for the public to see.

Decentralized science platform Pump Science has apologized to its users after its private key was leaked on GitHub — allowing a “known attacker” to create fraudulent tokens using its Pump.fun profile. 

“We do not want to diminish how much of a screw-up this was, we totally acknowledge that this is a huge issue and misstep on our part,” Pump Science’s Benji Leibowitz said in an ask-me-anything (AMA) session hosted on X on Nov. 27.

“This absolutely will not happen again,” he said, adding:

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Binance Labs ventures into DeSci with BIO Protocol investment

The decentralized science DAO supports healthcare efforts that might otherwise not attract sufficient funding and gives stakeholders a say in their management. 

Binance Labs, the cryptocurrency exchange’s venture capital arm, has made its first investment in decentralized science (DeSci) with an investment in BIO Protocol, an accelerator that seeks to transform the financing and commercialization of health sciences.

BIO Protocol supports a network of Biotech Decentralized Autonomous Organizations (BioDAOs) that create communities to fund, develop and co-own new drugs and therapeutics. The BioDAOs address gaps in traditional funding in areas such as rare diseases, longevity research, and emerging health challenges, according to Binance Labs.

Binance Labs’ investment, the size of which was not disclosed, will go to expand the network by providing seed funding for new projects and strengthening the network that provides them with community and tokenomics support. Binance Labs investment director Andy Chang said:

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$1B science fund seeks blockchain projects to expand human lifespan

Longevity Science Foundation accepts crypto donations and aims to use technology to advance healthy human longevity.

Scientists are continuously pursuing ways to lengthen the human lifespan, and blockchain might have been a missing part of the puzzle. The Longevity Science Foundation, a Swiss entity launched by a consortium of biotech founders, clinicians and leading longevity research institutions, aims to spend more than $1 billion over the next 10 years to find tech-based means to achieve a 120-year human lifespan.

The foundation seeks to fund research, institutions and projects that use blockchain and other next-gen technologies to find new horizons in four critical areas of the field, namely therapeutics, personalized medicine, artificial intelligence (AI) and predictive diagnostics. The announcement states that such projects can make a significant difference in people’s lives even within a time window of five years.

Applying theoretical longevity concepts to real-world use is a primary goal for the group. The foundation aims to transform scientific findings and technological advances into clinical treatments and solutions through donations.

“By identifying and funding the most promising and cutting-edge advances, the Foundation seeks to address one of the most pressing issues in the science and applicability of longevity medicine radical inequality in accessing and understanding longevity-focused treatment,” the announcement reads.

The foundation’s contributors, who can also make donations with cryptocurrencies, will get voting rights to have a say in deciding which projects receive funding. A visionary board will pre-select and evaluate potential candidates “for their technical soundness and potential impact on human longevity.”

Related: The next generation of data-driven healthcare is here

Joining the Visionary Board of the Foundation is Dr. Alex Zhavoronkov, known for his work on longevity tech. Dr. Zhavoronkov is also an advisor to blockchain medical data marketplace Longenesis, which launched a joint project with the Bitfury Group to establish a blockchain-based consent management system for the healthcare industry.

“The Foundation has created a unique and transparent mechanism for boosting early longevity research worldwide and ensuring mass public participation in decision making,” Dr. Zhavoronkov said.

As for how technology can help healthcare research, LongeVC Managing Partner Garri Zmudze told Cointelegraph that if paired with AI, blockchain can unlock hundreds of terabytes of unstructured hospital data for further analysis.

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