Velodrome: $350,000 theft by team members

According to BlockBeats, on August 14, the AMM protocol Velodrome announced that it had identified a former team member as responsible for the $350,000 theft that occurred in early August. The Velodrome team concluded that an anonymous programmer known as "Gabagool" was responsible for the theft and is working with legal counsel to determine the next steps. Velodrome said user funds would not be affected. As previously reported by BlockBeats, on August 4, Velodrome said on social media that "today we noticed unusual activity in one of the team's wallets, presumed stolen, resulting in a loss of $350,000 in working capital. After noticing unusual activity, the team has transferred the remaining assets of the wallet up to the signature." https://www.theblock.co/post/163404/velodrome-says-team-member-stole-350000-from-the-projects-wallet