-
Holesky testnet suffers a chain split.
-
SEC ends its investigation into Uniswap.
-
Aya steps down as EF Executive Director.
-
ByBit hackers launder 89.5k ETH.
Listen on: Apple | Spotify | Castbox | YouTube
The Pectra upgrade activated on the Holesky testnet on February 24th at 21:55 UTC, but the testnet failed to finalize due to a configuration bug in majority Execution Layer clients Nethermind, Geth, and Besu. The clients did not configure the correct staking deposit contract address for Holesky, resulting in the production of an invalid block that propagated across the network. Minority clients Erigon and Reth continued to produce valid blocks. The situation led to a chain split, in which the majority clients justified an invalid chain. Node operators intervened by shutting down enough validators on the invalid chain to prevent it from finalizing. The affected Execution Layer clients have issued updated versions with a fix. Node operators are urged to update their clients. Ethereum developers are now focused on stabilizing the Holesky testnet by building on and finalizing the minority chain. The network will slash the clients that verified the incorrect chain. A debrief is scheduled for 26th February at 14:00 UTC to discuss the incident and its impact on the Pectra upgrade timeline.
Uniswap Labs announced that the SEC has ended its investigation into Uniswap, with the agency deciding not to take any enforcement action or impose any penalties on the DeFi protocol. In April 2024, the SEC issued a Wells Notice to Uniswap Labs, which signaled intentions to prusue enforcement action over allegations of operating as an unregistered exchange and broker. The dismissal comes a few days after the SEC also terminated its legal action against Coinbase. Uniswap Labs’ COO, Mary-Catherine Lader, coined the outcome as a significant victory for the broader DeFi ecosystem. Uniswap Labs expressed its appreciation towards the recent change in leadership at the SEC.
Aya Miyaguchi announced her resignation as the Executive Director of the Ethereum Foundation after seven years. She will transition into her new role as President at the EF where she will support the foundation’s institutional relationships. Miyaguchi noted that the Ethereum Foundation’s mission is to support, not control, Ethereum’s development. Vitalik Buterin said that further details about the new leadership structure at the Ethereum Foundation would be announced soon. The announcement follows calls from the Ethereum community in recent months for changes in leadership, including the resignation of Aya Miyaguchi and the appointment of Danny Ryan as the executive director.
See disclosures.
