Elon Musk delivers on promise as Starlink terminals arrive Ukraine + How someone earned $820K from ApeCoin's airdrop

News • 2022/03/18 • by
remitano
  • The gear will enable consumers in the nation to access high-speed internet after Russia's military incursion.
  • User earned $820,000 after repaying the flash loan and associated expenses (almost 300 ETH) through ApeCoin's airdrop.

Ukraine has received a shipment of terminals required for connection to the Starlink satellite internet network. The network is administered by SpaceX, the aerospace company created and controlled by American tech entrepreneur Elon Musk. It provides global high-speed broadband internet.

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Mykhailo Fedorov, Ukraine's deputy prime minister and minister of digital development, hailed the arrival. "Starlink — this way. "Many thanks, @elonmusk," the Kyiv official tweeted on Monday, accompanying the message with a picture of a truck loaded with antennae and routers necessary to connect to the satellites.

Fedorov resorted to Twitter on Saturday to request that the billionaire give Ukraine with Starlink stations. The appeal came after media reports indicated that the internet monitoring firm Netblocks had detected "substantial delays to internet access" in the nation since Russia's military incursion began on Feb. 24.

"Starlink is currently operational in Ukraine. Additional terminals are on the way," Musk said within hours. "Starlink terminals are going to Ukraine!" the Ukrainian minister subsequently affirmed, expressing gratitude to Elon Musk and others for their assistance.

According to Ukrainian social media sources, Starlink equipment is now operational in the capital Kyiv. According to a tweet by software and communications expert Oleg Kutkov, the internet connection's maximum speed has sometimes topped 200 Mbps.

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Since the start of Russia's military incursion, Ukrainian leaders have launched many appeals to the international community for assistance. To fund its military and other endeavors, the East European nation's government began taking contributions in several cryptocurrencies.

Russian soldiers have advanced in various directions, threatening to cut off key metropolitan areas, including Ukraine's capital Kyiv and the country's second-biggest city, Kharkiv. Communication issues are anticipated to worsen and harm a wide variety of businesses, including the cryptocurrency industry, which Ukraine has attempted to control. According to Starlink's website, the service is best suited for places with intermittent or nonexistent connections.

An unknown user was able to grab over $1 million worth of ApeCoin during the airdrop

With excitement building for BAYC's upcoming introduction of a new currency, an anonymous individual hacked the system and obtained more than 60,000 APE tokens.

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Yesterday, it was reported on the hysteria around the new ApeCoin, which resulted in a pump and dump in the floor price of Bored Ape Yacht Club. This occurred as a result of individuals purchasing BAYC-related NFTs in order to participate in the much-anticipated airdrop.

CertiK reports that an anonymous individual took advantage of the current excitement by claiming a big quantity of ApeCoin during the airdrop.

They purchased NFT 1060 from OpenSea and used it as the flash loan cost to borrow 5.2 BAYC tokens from the NFTX Vault — a platform that enables users to build liquid marketplaces for illiquid NFTs.

Users may deposit their NFTs in the vault, which will generate a fungible ERC20 token that can be redeemed for particular NFTs in the vault. The attacker redeemed the following BAYC NFTs using the borrowed BAYC tokens: 7594, 8214, 9915, 8167, and 4755.

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Due to the attacker's ownership of so many BAYC NFTs, he was able to claim APE tokens for each, totaling 60,564 APE. They sold the bulk of their ETH on the market.

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Following that, the attacker converted BAYC NFTs to BAYC tokens in order to repay the flash loan and associated costs. They ultimately earned 293 ETH, which is worth little more than $820,000 at today's pricing.

Comments (1)
Guest
walexlove
4 years ago
this is scary

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