PeopleDAO

12:00-21:00 Key words: US FDIC, Silicon Valley Bank, PeopleDAO, Powell Overview of important developments in the evening of March 12 Analysis based on this information:The message that was given with the key words “12:00-21:00 US FDIC, Silicon Valley Bank, PeopleDAO, Powell” suggests a possible collaboration between these organizations. Exploring what each of these entities is, their roles, and how they work can give us a better understanding of what this message might mean. The US Federal Deposit Insurance Corporation (FDIC) is a federal agency that is responsible for protecting bank deposits and promoting consumer confidence in the financial system. They ensure that people who deposit money in banks protected by the FDIC will be compensated if their bank fails. The FDIC plays a crucial role in maintaining stability in the US banking system. Silicon Valley Bank is a commercial bank that specializes in serving entrepreneurs and technology companies. They offer a range of financial services that cater to startups and…

On March 12, PeopleDAO tweets showed that when PeopleDAO’s community vault on the digital asset management platform Safe (formerly Gnosis Safe) issued a monthly contributor award on March 6, it was stolen 76 ETHs (about $120000) by hackers through social engineering attacks. This event has nothing to do with the PEOPLE token contract. PeopleDAO collects monthly contributor reward information through Google Form. The accounting principal mistakenly shared a link with editing rights in the public channel of Discord. After the hacker obtained editing rights through the link, he inserted a payment of 76 ETHs to his address in the form and set it as invisible. Due to the malicious concealment, the team leader did not find it during the review. After downloading the csv file with insertef data, it was submitted to Safe’s CSV Airdrop tool for reward distribution. Since there were 80 transfers in the transaction, 6 of the 9 multi-signature accounts did not notice the malicious transfer. After…

On February 21, PeopleDAO cooperated with WTF Academy, the Web3 open source learning community, to try out the Reputation NFT protocol Soulbound on the Goerli …