Bryce
@btayengco
🧵 A summary update on the events surrounding Clanker: Our team recently discovered that Proxystudio is the same individual who, back in 2022, went by the alias Gabagool. Gabagool was a core member of Velodrome, an AMM that started on OP Mainnet. (1/2)
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Bryce
@btayengco
Previously: During their time at Velodrome, Gabagool transferred funds out of a Velodrome team operations wallet before it could be sent to a team multisig. An investigation was completed that uncovered the culprit, and Velodrome was able to recover the lost funds. Now: After communication with the Velodrome team and our team's discussions with Proxystudio, there was a mutual decision for Proxystudio to depart from Clanker. Next steps: I'll be handling all ops to ensure that all of our supporters and builders see continuity across all of our products and services. Our plans for upcoming products remain unchanged. I want to emphasize that all company assets are secure / unaffected by this transition. I will be providing regular updates throughout this transition period. Our team is hyperfocused on moving forward and has been working to ensure that everything continues running smoothly. My DMs are always open for any questions. (2/2)
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basement5k
@basement5k.eth
Great quick summarization - even given what transpired, I feel like the clanker product is still in such talented and loyal hands. Thanks for the clarity my friend!
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