The Block

Quick Take Indexed DAO, which was hacked for $16 million in 2021, survived two hijacking attempts in recent days by attackers who sought to access the protocol’s remaining treasury. Control of the DAO will return to Indexed’s founders, who plan to distribute the remaining funds to victims of the 2021 hack.

Quick Take Tieshun Roquerre, also known as Pacman, sought to clear the air over what he called “misunderstandings” about the new Ethereum Layer 2 Blast, ranging from “humorous” memes to outright Ponzi scheme criticisms. Roquerre addressed “too good to be true” yields, the rationale behind its invite rewards and the role of Paradigm in Blast’s launch. Blast also responded to concerns that the bridge currently used to send funds to the Layer 2 is a multisig wallet owned and controlled by just five people.

Quick Take KyberSwap offered a 10% bounty to the hacker who stole $47 million. The team replied to an on-chain message previously left by the perpetrator.

Quick Take Lido operator InfStones is expected to take precautionary measures after a vulnerability disclosure. The Tailon library-linked vulnerability, discovered in July 2023 by dWallet Labs, has been addressed. Lido Finance clarified there is no evidence of key leakage or exploit.

Quick Take The Arbitrum DAO has approved a $23.54 million one-time “backfund” to support 26 projects that missed out on its initial round of grant funding. The initiative, which passed with two-thirds voting in favor, aims to develop and incentivize the use of the projects’ applications on the Ethereum Layer 2 network.

Quick Take Changpeng Zhao, Binance’s ex-CEO, represents a substantial risk of flight given his minimal ties with the U.S., prosecutors said.

Quick Take The UK’s mini budget announcement on Wednesday included a provision to facilitate the growth of the digital asset sector. The government will bring in legislation for a new initiative for expanding the digital assets sector, called the Digital Securities Sandbox.

Quick Take Sam Bankman-Fried’s latest motion for release was denied by a court of appeals. Former FTX CEO will remain in jail pending his sentencing on March 28.

Quick Take UK investment funds have been given the green light for tokenization by a government working group, according to trade body The Investment Association. The collaboration with the UK Treasury and financial regulator the FCA aims to improve efficiency, transparency and international competitiveness in the investment management sector.

Quick Take A Montenegro court approved Do Kwon’s extradition to South Korea and the U.S. A final decision on which country takes precedence rests with Montenegro’s Minister of Justice.