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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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From Crypto Gains to Timeless Treasures: Bitcoiners Embrace Luxury Watches

Decentralized science is like early DeFi in 2019: Crypto VC

Mechanism Capital’s Andrew Kang said DeSci protocols will likely change their existing models before evolving into more market-ready products.

Decentralized science (DeSci) protocols are where decentralized finance (DeFi) was in 2019 — nascent and largely untested in the markets but filled with “massive potential,” an industry executive says. 

“Everything is still raw, experimental, but there’s an underlying understanding [...] that there is massive potential,” explained Andrew Kang, a founder and partner at crypto-focused venture capital firm Mechanism Capital, in a Nov. 24 post on X.

Kang said the DeSci projects are still evolving and will likely change their model and products similar to how DeFi protocols Maker, Synthetix, and Aave did around 2019 before becoming much larger.

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From Crypto Gains to Timeless Treasures: Bitcoiners Embrace Luxury Watches