DeFi to be examined at inaugural CFTC tech advisory meeting: Finance Redefined

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DeFi will be in focus during the upcoming CFTC advisory meeting, the notorious DeFi scammer has called it quits and much more in our weekly DeFi newsletter.

The scammer with the pseudonym Monkey Drainer posted to their Telegram channel on March 1 that they “will be shutting down immediately,” and all “files, servers and devices” related to the drainer “will be destroyed immediately” and it “will not return.”

The scammer even advised budding “young cyber criminals,” saying they shouldn’t “lose themselves in the pursuit of easy money,” and only those “with the highest level of dedication” should operate a “large scale cybercrime” outfit.The Polygon ID service uses zero-knowledge proofs, which to allow users to verify their identity online without having their sensitive information passed or potentially stored with a third party.

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why was he arrested and what did he do

Polygon, a layer-2 scaling protocol for Ethereum, has launched a zero-knowledge decentralized identity solution to the public nearly a year after announcing its development.

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