Hey everyone, looks like things are quite slow on the weekends so we were scavenging for some juicy news for you to be entertained to start fresh this week.

It’s Monday people lets get right to it🔥

• 🌪Hacker takes over Tornado Cash DAO

• 🐧Pudgy Penguins smashes their Amazon Debut!

• 💰Gary Vee wants to expand VeeCon beyond NFTs.

Hacker takes over Tordano Cash, as token slumps 40%

The attacker exploited a code function within Tornado Cash, acquiring fake votes and manipulating the DAO's operations. This breach allowed them to take control of the protocol, putting the project's funds at risk.

Tornado Cash is a privacy-focused protocol in the world of cryptocurrencies. It allows users to make anonymous transactions by obfuscating the origin and destination of their funds.

In summary it mixes transactions to make it harder to trace.

The attacker then proceeded to withdraw and sell 10,000 votes as TORN tokens, which caused a significant 40% drop in the token's value.

This sudden slump in prices left token holders concerned and the market in a state of flux.

Despite the governance attack, it's important to note that the functionality of the Tornado Cash protocol itself, which facilitates privacy-focused fund transfers, remains unaffected.

The breach primarily impacted the project's governance and tokenomics.

The Tornado Cash community is actively discussing potential solutions.

Some propose reverting the changes made by the attacker, while others suggest creating a new contract and distributing new tokens to existing holders. Finding a consensus on the best course of action is crucial for the project's recovery.

💔 Unfortunately, the governance attack had a significant negative impact on TORN token prices, leading to a noticeable decline over the past 24 hours.

It's disheartening to witness such security breaches within the crypto space.

Pudgy Penguins makes a splash on Amazon, Selling over 20,000 Toys!

Pudgy Penguins, a rising star in the NFT world, has made a remarkable debut on Amazon with their "Phygital" Toy Collection & Experience.

In just the first two days, the collection generated an impressive $500,000 in sales, surpassing all expectations. The adorable penguin-themed toys proved to be a huge hit, with over 20,000 individual toys flying off the digital shelves.

What makes Pudgy Penguins even more exciting is its mission to bring millions of users into the Web3 space.

By combining the physicality of toys with the digital realm of NFTs, Pudgy Penguins aims to bridge the gap and introduce people to the revolutionary world of blockchain technology.

The success of Pudgy Penguins was evident as their toys dominated the Amazon sales charts, outperforming well-established legacy brands like Disney, Transformers, Pokemon, Barbie, and Legos.

It's clear that Pudgy Penguins has struck a chord with the public, capturing their hearts and wallets with their charming and collectible offerings.

Backing up their promising venture, Pudgy Penguins recently raised an impressive $9 million in a funding round led by notable investors such as 1kx, Big Brain Holdings, and Kronos Research.

With this support, the team behind Pudgy Penguins is determined to become the face of NFTs and drive mass adoption, making blockchain technology accessible and enjoyable for everyone.

If you are a Pudgy holder, read the following thread to know if this benefits you 😉

Gary Vee is hyped about AI - VeeCon to be more than NFTs.

Renowned entrepreneur and business guru Gary Vaynerchuk is taking his VeeCon conference to new heights by venturing beyond the realms of NFTs and Web3.

VeeCon, already known for its innovative approach, is now set to include discussions on artificial intelligence (AI) and other groundbreaking tech innovations.

With the goal of becoming the "coolest business conference in the world," VeeCon is curating a diverse lineup of speakers from various industries, including celebrities, NFT artists, musicians, spiritual thinkers, and entrepreneurs.

This fusion of voices from different realms promises an exciting blend of business acumen and popular culture.

One of the central themes at VeeCon will be AI, a topic close to Gary Vaynerchuk's heart.

He envisions AI as a tool that will streamline tasks and free up valuable time for individuals to focus on their creative pursuits. In line with this vision, Vaynerchuk's consultancy, Vayner3, has shifted its focus to encompass a broader range of tech innovations, such as augmented reality and AI.

Despite the recent downturn in the NFT market, Vaynerchuk remains optimistic. He firmly believes that a sustainable NFT market will eventually emerge, and he continues to express interest in collecting valuable NFTs for the long term.

By embracing AI and expanding the conference's scope, VeeCon demonstrates its commitment to exploring cutting-edge technologies that shape the future of business and beyond.

Attendees can expect insightful discussions, networking opportunities, and a unique blend of business expertise and cultural influences.

Bonus News

• Whoah, China is shutting down concerts and events. Looks like people would have to travel out.

• Your emails will be written by AI soon. Say goodbye in struggling to try and be “professional” in emails.

• Apple wants to build their own AI products. Looks like the ban on ChatGPT forces them to build their own.

Disclaimer: This is not any kind of financial advise. This newsletter is solely informational; it does not constitute investment advice, a solicitation to buy or sell any securities, or a recommendation regarding how to manage your money. Be cautious and conduct your own study, please.