📱 Elon Musk acquires Twitter for $44B
Plans to unlock the platforms potential
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Hey Waivly Crew! 🌊 The board of Twitter has agreed to a $44B takeover offer from Elon Musk. Bored Ape Yacht Club’s Instagram account got hacked yesterday morning, resulting in over 91 NFTs being stolen.
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Twitter accepts Elon Musk’s $44B acquisition offer
Twitter has announced it will be acquired by the richest person in the world, Elon Musk, for $54.20 per share in a cash deal valued at around $44B.
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The announcement followed hours after it got reported that Twitter’s board and Musk were in the final stages of negotiations early Monday morning over his bid to buy the platform.
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Under the terms of the deal, shareholders will receive $54.20 in cash for each share of Twitter stock they own once the deal is closed. This price represents Musk's original offer and marks a 38 percent premium over the stock price on April 1st, 2022, the day before Musk revealed his 9% stake in the company.
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Musk plans to unlock Twitter’s potential in a range of ways, including launching new features, making the algorithms open source to increase trust, banning all spambots, authenticating all humans, and his biggest promise, allowing free speech on the platform:
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"Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” said Musk.
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Later in the day, after Musk succeeded in his bid to take over Twitter, the former CEO of the company shared his opinion on the move in a thread.
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"In principle, I don't believe anyone should own or run Twitter. It wants to be a public good at a protocol level, not a company. Solving for the problem of it being a company however, Elon is the singular solution I trust. I trust his mission to extend the light of consciousness," Dorsey tweeted.
Bored Ape Yacht Club Instagram hacked
Bored Ape Yacht Club creator Yuga Labs is investigating a phishing attack after a hacker accessed the official Bored Ape Yacht Club (BAYC) Instagram account.
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On Monday at 10 AM EST, the project first warned its community of the scam. "There is no mint going on today. It looks like BAYC's Instagram was hacked. Do not mint anything, click links, or link your wallet to anything," tweeted Bored Ape Yacht Club.
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Once the hacker gained access to the NFT project’s Instagram account, they updated its bio with a fake mint link claiming anyone who connected their wallets to the website could claim a LAND airdrop. This was taking advantage of BAYC’s upcoming metaverse, the Otherside, which will offer virtual land.
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When users clicked on the phishing link and connected their wallets, they, unfortunately, lost all of their NFTs within seconds.
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The hacker got away with over 91 NFTs, including 24 Bored Apes, 30 Mutant Apes, and three Kennel Club NFTs before Yuga Labs managed to delete the link. These NFTs were worth at least $2.8 million, according to data from Zerion.
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It’s still unclear how the hacker accessed BAYC’s Instagram account. However, anyone who was affected by the hack or has new information that might be helpful to Yuga Labs can now reach out to “ighack@yugalabs.io”
The Waves
👀 French President Macron talks all things Web3
🦉 Ryan Carson steps down as Moonbirds COO
🎥 Ridley Scott is producing a film about Ethereum
📜 Abu Dhabi licenses Kraken to operate as a crypto exchange
Creator Special
GennR8, also known as Leon-James, is a 26-year-old Twitch streamer from the UK, who plays Stranded Deep, World of Warcraft, Path of Exile, Call of Duty, PC Building Simulator, Smite, and many other games.
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Saya is an illustration, plush & cute things maker. All of Saya's creations are unique and handmade, made with love and passion to make everyone happy: through dreamlike worlds filled with colours, original characters, adorable creatures, magic, and smiles.
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Not Boring Cards creates greeting cards that keep art top of mind so they can be displayed far beyond the average card, making those special connections with those we love last a little longer.
OpenSea acquires NFT aggregator Gem
On Monday, OpenSea announced the acquisition of Gem, an Ethereum NFT marketplace aggregator service.
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Gem’s product allows users to buy NFTs across multiple marketplaces in a single low-cost transaction, making it easier to quickly sweep the floor of an NFT collection. Gem will continue to operate independently from OpenSea as a standalone product and brand.
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In a blog post, OpenSea shared it acquired Gem in a push to bring the power and potential of NFTs to more people across the world. OpenSea will integrate “the best of Gem’s features,” which include analytics tools, rarity rankings, and bundled purchasing.
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“As the NFT community grows, we’ve recognized a need to better serve more experienced, ‘pro users,’ and offer more flexibility and choice to people at every level of experience,” OpenSea CEO Devin Finzer said.
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Finzer also acknowledged the allegations against one of Gem’s pseudonymous core developers “Neso,” who was dismissed from the team after his fraught history of sexual assault allegations got discovered. BuzzFeed later revealed Neso’s true identity is Josh Thompson, a British Twitch streamer “who went by “MethodJosh.”
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“We learned about, and immediately surfaced, some deeply concerning allegations against a now-former member of Gem’s leadership team who operated under the pseudonym Neso,” Finzer added. “This individual has never and will never be affiliated with OpenSea.”
Own and secure your crypto with Ledger
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The wallets are really simple to setup, and to move your crypto over to, so there’s no reason not to secure your assets and take control of your cryptocurrency now and get yourself a Ledger device. You can manage 1800+ coins and tokens directly in the Ledger Live app once you’ve got your device up and running, so you’ll always have your entire portfolio covered.
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