Coinbase Earned $1M Amid Hack, but Hasn’t Reimbursed Victims
Coinbase received 570 ETH, the second-largest payout tied to MEV in Ethereum’s history, to process transactions related to the Curve exploit.
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Validators
Coinbase received 570 ETH, the second-largest payout tied to MEV in Ethereum’s history, to process transactions related to the Curve exploit.
On July 30, over 6,000 ETH ($11M worth) in so-called Maximal Extractable Value rewards were paid out to Ethereum validators, the most ever for a single day.
(Fred Moon/Unsplash, modified by CoinDesk)
To better chronicle the Ethereum blockchain’s transition to a proof-of-stake network, CoinDesk in 2020 started its own validator – nicknamed Zelda. We plunked down the 32 ETH (roughly $15,000 at the time) and laid the technical groundwork. With staking withdrawals due to start April 12, we take stock of the project.