tl;dr
Three Compound Finance executives, Jayson Hobby, Geoffrey Hayes, and Mykel Pereira, have left the project to pursue a new venture. Jayson Hobby, the former CEO, announced his departure, coinciding with the platform's website being hacked by cybercriminals. The phishing attack compromised the website...
Compound Finance executives Jayson Hobby, Geoffrey Hayes, and Mykel Pereira exited the project in pursuit of a new venture. The announcement came a day before hackers commandeered the platform’s website. As the prevalence of hackers in the crypto arena continues to grow, investor caution when interacting with links becomes more important.
COMPOUND FINANCE EXECUTIVES ABANDON PROJECT - Jayson Hobby bid goodbye to Compound Finance and Compound Labs, exiting from his seat as CEO after five years with the company. Hobby highlighted the Compound protocol’s role among the pioneers of decentralization and acknowledged support from DeFi player Gauntlet and OpenZeppelin ecosystem stack. Jayson Hobby ascends into a new venture, Legend, which aims to bring the next 100M users onchain by building the world’s best DeFi interface.
COMPOUND LABS PHISHING ATTACK - Hackers compromised Compound Finance’s front end with a phishing site called the “compound-finance app,” prompting Compound Labs to warn users not to interact with the website. The phishing attack did not affect the Compound protocol, and user deposits remain safe. Compound Labs holds at least $2.14 billion worth of assets, and phishing attacks remain a prevalent challenge in the crypto industry.
More about Seagate Technology PLC
Seagate Technology PLC Summary Seagate Technology Holdings plc, an Irish public limited company (commonly referred to as Seagate) is an American data storage company.
Sector: Technology
Industry: Computer Storage Devices
Market Cap: 22.28B
PE Ratio: 2.8
EPS: -1.31
Stock Price: $30.05
Change: -4.31%
Volume: 6,266,000
52-Week High: $100.39
52-Week Low: $0.939
Dividend Yield: -0.11