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<span style="font-weight: 400">Mirana Ventures – BitDAO &amp; crypto endorser have instituted a decentralized independent organization that serves Harvard and Oxford students.  </span><span style="font-weight: 400">BitDAO has partnered with several student groups and faculties to form EduDAO. It will serve as an independent committee for project grants and research for developmental activities. </span>
<h2><span style="font-weight: 400">BitDAO in Partnership with Harvard: Students' Supporting Crypto</span></h2>
<span style="font-weight: 400">BitDAO is in companionship with student groups and faculties of most stature universities globally. The main motive behind this partnership is to design EduDAO. EduDAO will </span><a href="https://www.prnewswire.com/news-releases/groups-from-harvard-mit-oxford-and-others-join-edudao-to-foster-web-3-innovation-via-decentralized-funding-301447066.html"><span style="font-weight: 400">function</span></a><span style="font-weight: 400"> as an unfettered maneuvering committee for project acknowledgments, research, and product evolution.</span>

<span style="font-weight: 400">Crypto is subjected to a generation gap. Mastercard presented a survey according to which, "Millennials are highly interested to learn about digital assets as compared to other age groups."</span>

<span style="font-weight: 400">"<em>To sponsor digital assets, BitDAO—a decentralized asset manager exaggerates $2.5 billion in AUM—and token investor Mirana Ventures established a new decentralized autonomous organization bestowing college students</em>," says EduDAO.</span>

<span style="font-weight: 400">The DAO comprises several students and campus probing organizations in the US, UK, and China. It counts Berkeley Center for Responsible, <a href="https://www.cryptoknowmics.com/news/cute-dog-coin-mochi-inu-mochi-bridges-gap-between-memecoins-and-decentralized-finance/">Decentralized</a> Intelligence; Blockchain at Berkeley; Blockchain at Michigan; Blockchain@USC; Harvard Blockchain Club; MIT Sloan Blockchain Club; Oxford Blockchain Society; Penn Blockchain; and Tsinghua University Students Blockchain Association.</span>

<span style="font-weight: 400">DAOs will be used as a prevalent technique raising funds for many purchases and causes. DAOS is an online association where members cast votes via a token. The token is even used to inaugurate management decisions.</span>
<h2><span style="font-weight: 400">Planning for Digital Asset Management </span></h2>
<span style="font-weight: 400">BitDAO, which assimilated billions owing to its digital asset management, is planning to distribute $11 million per year. This amount is to be distributed to EduDAO for assisting group members to organize research and draft blockchain alterations.</span>

<span style="font-weight: 400">EduDAO's idea is a bi-product of Jon Allen - the managing teammate for Mirana Ventures. Allen communicated Decrypt through the mail, saying, <em>"The idea is to design autonomous entities such as EduDAO in which BitDAO discerns motivated experts in a specific domain."</em> Allen further added that for risk management, funds will be distributed in six-month intervals.</span>

BitDAO Forges DAO with Harvard, Oxford Student Assembles to Fund Crypto R&amp;D

White hat hacker at Paradigm Ventures VC firm might have prevented SushiSwap from losing more than $350 million worth of Ethereum (ETH) after discovering a critical bug on the platform and reporting it to the developers.
<h2><strong>SushiSwap Escapes $350 Million Heist With the Help of White Hat Hacker</strong></h2>
According to a <a href="https://hackmd.io/@353yQn6WTImF5o12LQXXfQ/Hy2ZDYFxF" target="_blank" rel="nofollow noopener">post</a> from SushiSwap on Monday, a group of cybersecurity experts, led by crypto investment firm Paradigm’s research partner Samczsun, reached out to the team, alerting them about a vulnerability for the BitDAO token sale on the Miso SushiSwap platform, the launchpad for new tokens.

While the sale did go on without a hitch, raising $365 million from over 9200 participants, it all could have gone very wrong.

https://twitter.com/samczsun/status/1427716909940740099

Upon discovering the bug, Sam investigated deeper to find what’s initially thought to be a minor bug to be a vulnerability that could enable hackers to steal over $350 million worth of Ethereum:
<blockquote><em>“Suddenly, my little vulnerability just got a lot bigger. I wasn’t dealing with a bug that would let you outbid other participants. I was looking at a 350 million dollar bug.”</em></blockquote>
<h2><strong>No Funds Were Lost</strong></h2>
The researcher subsequently informed SushiSwap which deployed a rescue to prevent the potential exploit. After discussing the vulnerability, the BitDAO team which conducted the auction decided to manually finalize the auction by neutralizing the threat.

In a separate blogpost, SushiSwap confirmed that no funds were lost:
<blockquote><em>“All future planned auctions utilizing the specific dutch auction contracts with ETH commitments have been paused until an updated version is redeployed.”</em></blockquote>
The latest development comes shortly after Poly Network <a href="https://www.cryptoknowmics.com/news/hackers-steal-600m-from-poly-network-in-biggest-defi-hack-ever/">suffered</a> in what's known to be DeFi’s largest hack ever yet after a hacker exploited a vulnerability in the protocol and stole over $600 million in tokens.

Shortly after the hack, the attacker agreed to return all the stolen funds. Later, Poly Network <a href="https://www.cryptoknowmics.com/news/poly-network-offered-the-hacker-with-500000-bug-bounty/">offered</a> the hacker the position of Chief Security Adviser for his contribution to blockchain security.

BitDAO Forges DAO with Harvard, Oxford Student Assembles to Fund Crypto R&D

White Hat Hacker Saves SushiSwap from Losing $350 Million

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BitDAO Forges DAO with Harvard, Oxford Student Assembles to Fund Crypto R&amp;D

White Hat Hacker Saves SushiSwap from Losing $350 Million

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BitDAO Forges DAO with Harvard, Oxford Student Assembles to Fund Crypto R&D