> ## Content Index > Fetch the complete content index at: https://blog.qedk.xyz/llms.txt > Use this file to discover other available public pages before exploring further. # november to remember - URL: https://blog.qedk.xyz/november-to-remember-issue-1/ - Published: 2023-11-30T11:00:31.000Z - Updated: 2026-09-07T13:56:14.000Z - Description: By far one of the craziest months ever, we had the OpenAI debacle, ensuing Emmett Shear saga, decel vs. e/acc vs. EA debates and Binance v. DoJ settlement... - Author: qedk - Tags: News, november 2023, crypto, ai, blockchain, web3 By far one of the craziest months ever, we had the OpenAI debacle, ensuing Emmett Shear saga, decel vs. e/acc vs. EA debates and Binance v. DoJ settlement. This tweet that started it all, the post entails that the board effectively fired [Sam Altman](https://twitter.com/sama?ref=blog.qedk.xyz) (now ex-CEO of OpenAI) from his role due to less-than-effective communication. > OpenAI announces leadership transition [https://t.co/fFYDLwGXQz](https://t.co/fFYDLwGXQz?ref=blog.qedk.xyz) > > — OpenAI (@OpenAI) [November 17, 2023](https://twitter.com/OpenAI/status/1725611900262588813?ref%5Fsrc=twsrc%5Etfw&ref=blog.qedk.xyz) [Emmett Shear](https://twitter.com/eshear?ref=blog.qedk.xyz) (former Twitch CEO) was quickly appointed the new CEO by the board, and effectively all of Twitter dragged his deceleration agenda (not my words!) out into the fighting ring, including some tweets like these: > wake up babe, AI faction compass just became more relevant [pic.twitter.com/MwYOLedYxV](https://t.co/MwYOLedYxV?ref=blog.qedk.xyz) > > — Emmett Shear (@eshear) [November 18, 2023](https://twitter.com/eshear/status/1725985465109774754?ref%5Fsrc=twsrc%5Etfw&ref=blog.qedk.xyz) [Satya Nadella](https://twitter.com/satyanadella?ref=blog.qedk.xyz) (CEO of Microsoft) quickly capitalized on OpenAI's loss over the weekend, with Sam Altman and lead researchers joining the Microsoft AI Research team. > We remain committed to our partnership with OpenAI and have confidence in our product roadmap, our ability to continue to innovate with everything we announced at Microsoft Ignite, and in continuing to support our customers and partners. We look forward to getting to know Emmett… > > — Satya Nadella (@satyanadella) [November 20, 2023](https://twitter.com/satyanadella/status/1726509045803336122?ref%5Fsrc=twsrc%5Etfw&ref=blog.qedk.xyz) It still wasn't over of course, and a supermajority of OpenAI employees proceeded to petition the board to resign and reinstate original leadership pending which they would resign from their positions. > 500+ OpenAI employees will quit and join Microsoft unless the board resigns and reinstates Sam and Greg. [https://t.co/4LA2EJnHWG](https://t.co/4LA2EJnHWG?ref=blog.qedk.xyz) [pic.twitter.com/XH0DIdR8Bv](https://t.co/XH0DIdR8Bv?ref=blog.qedk.xyz) > > — Balaji (@balajis) [November 20, 2023](https://twitter.com/balajis/status/1726600151027073374?ref%5Fsrc=twsrc%5Etfw&ref=blog.qedk.xyz) One of the board members proceeded to apologize to Sam publicly, which again people didn't take too well to (understandably). It is a bit confusing after all. > I deeply regret my participation in the board's actions. I never intended to harm OpenAI. I love everything we've built together and I will do everything I can to reunite the company. > > — Ilya Sutskever (@ilyasut) [November 20, 2023](https://twitter.com/ilyasut/status/1726590052392956028?ref%5Fsrc=twsrc%5Etfw&ref=blog.qedk.xyz) For the moment though, it seemed as though we had reached a new *status quo* and Sam would be sticking around, leading the Microsoft AI team, and maybe that would have counted as real progress. > satya and my top priority remains to ensure openai continues to thrive > > we are committed to fully providing continuity of operations to our partners and customers > > the openai/microsoft partnership makes this very doable > > — Sam Altman (@sama) [November 20, 2023](https://twitter.com/sama/status/1726686611260494238?ref%5Fsrc=twsrc%5Etfw&ref=blog.qedk.xyz) *SIKE!* The board eventually folded, and with that, Sam Altman and [Greg Brockman](https://twitter.com/gdb?ref=blog.qedk.xyz) will be making their eventual return to OpenAI. > i love openai, and everything i’ve done over the past few days has been in service of keeping this team and its mission together. when i decided to join msft on sun evening, it was clear that was the best path for me and the team. with the new board and w satya’s support, i’m… > > — Sam Altman (@sama) [November 22, 2023](https://twitter.com/sama/status/1727207458324848883?ref%5Fsrc=twsrc%5Etfw&ref=blog.qedk.xyz) In other news, the CEO of Binance, [Zhao Chanpeng](https://twitter.com/cz%5Fbinance?ref=blog.qedk.xyz), had to resign and admit wrongdoing following a settlement with the United States Department of Justice, along with a $4.32 billion fine and an agreement to completely stay uninvolved with Binance for a minimum period of three years (anyone in crypto knows this is a *big* deal). > Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself. > > Binance is no longer a baby. It is… > > — CZ 🔶 Binance (@cz\_binance) [November 21, 2023](https://twitter.com/cz%5Fbinance/status/1727063503125766367?ref%5Fsrc=twsrc%5Etfw&ref=blog.qedk.xyz) You can read more about the entire affair at [Reuters](https://www.reuters.com/markets/us/us-authorities-set-unveil-settlement-with-binance-source-2023-11-21/?ref=blog.qedk.xyz). If that wasn't enough for crypto news for you, Paradigm-backed team [Blast](https://twitter.com/Blast%5FL2?ref=blog.qedk.xyz), launched an Ethereum "L2" rollup, which claims to have "native yield" and in-built incentives. > Introducing Blast: The only Ethereum L2 with native yield for ETH and stablecoins. > > We’ve raised $20m from [@Paradigm](https://twitter.com/paradigm?ref%5Fsrc=twsrc%5Etfw&ref=blog.qedk.xyz) and [@StandardCrypto](https://twitter.com/standardcrypto?ref%5Fsrc=twsrc%5Etfw&ref=blog.qedk.xyz) to build the L2 that helps you earn more. > > Details on how to get early access at the end of the thread👇 [pic.twitter.com/AYYmK8YFx4](https://t.co/AYYmK8YFx4?ref=blog.qedk.xyz) > > — Blast (@Blast\_L2) [November 20, 2023](https://twitter.com/Blast%5FL2/status/1726747087906464024?ref%5Fsrc=twsrc%5Etfw&ref=blog.qedk.xyz) If you're wondering why L2 is in quotes, it's because the layer 2 nature of it is quite dubious at best (despite being listed on L2Beat). [Patrick](https://twitter.com/stonecoldpat0?ref=blog.qedk.xyz) from Arbitrum puts it quite aptly. > As someone who has spent the past 7 years on blockchain scalability and watching our industry get so damn close implementation wise…. > > …investors in blast should be ashamed that the project launched their marketing campaign as a multisig with a deposit function. > > If blast had… [https://t.co/dtBSf8qvQv](https://t.co/dtBSf8qvQv?ref=blog.qedk.xyz) > > — Patrick McCorry (💙,🧡) (@stonecoldpat0) [November 22, 2023](https://twitter.com/stonecoldpat0/status/1727356337644777603?ref%5Fsrc=twsrc%5Etfw&ref=blog.qedk.xyz) Hey, but if you're a dev, you might enjoy the sound of those sweet, sweet $BLAST tokens coming to your wallet at an unknown point of time in the future. [Dan Robinson](https://twitter.com/danrobinson?ref=blog.qedk.xyz) from Paradigm proceeded to write an explanatory tweet, which most of the Ethereum community did not receive positively primarily because it reads almost a bit exactly like the classic *beat around the bush* proverb. > There are a lot of components of Blast that I’m excited about and would be interested in engaging with people on. That said, we at Paradigm think the announcement this week crossed lines in both messaging and execution. For example, we don’t agree with the decision to launch the… > > — Dan Robinson (@danrobinson) [November 26, 2023](https://twitter.com/danrobinson/status/1728817674543862023?ref%5Fsrc=twsrc%5Etfw&ref=blog.qedk.xyz) One of the biggest DEXes and quite an OG in the entirety of DeFi space, [KyberSwap](https://twitter.com/KyberNetwork?ref=blog.qedk.xyz) was exploited in an extremely sophisticated attack. > 1/ We've overcome many challenges since our 2017 inception, but by far these last 2 days have been the most difficult. At the core of our mission is a commitment to security, making this recent event a heavy burden on our hearts. We’d like to be transparent about what happened. > > — Kyber Network (@KyberNetwork) [November 24, 2023](https://twitter.com/KyberNetwork/status/1728115858889929021?ref%5Fsrc=twsrc%5Etfw&ref=blog.qedk.xyz) They negotiated a 10% bounty for MEV botrunners who were able to frontrun some of the transactions of the exploiter, however the interactions with the exploiter itself did not start off on a good note with the hacker posting this message on-chain. You can see the transaction yourself here: [https://etherscan.io/tx/0x7a8912583520304ce2364fa165dafe94461a91ab2dcf45dab942e296594dc40a](https://etherscan.io/tx/0x7a8912583520304ce2364fa165dafe94461a91ab2dcf45dab942e296594dc40a?ref=blog.qedk.xyz) ![](https://storage.ghost.io/c/a7/ef/a7efd968-2215-40ce-ba24-84f55b950b42/content/images/2023/11/Screenshot-2023-11-30-at-01.23.27-3.png) The [SlowMist](https://twitter.com/SlowMist%5FTeam?ref=blog.qedk.xyz) team has published an excellent [article](https://slowmist.medium.com/a-deep-dive-into-the-kyberswap-hack-3e13f3305d3a?ref=blog.qedk.xyz) articulating how the hack occurred. That was not it, and in an ironical twist of fate, the [Code4rena](https://twitter.com/code4rena?ref=blog.qedk.xyz) Twitter account was hijacked after founder [zkCole's](https://twitter.com/0xzak?ref=blog.qedk.xyz) phone was [SIM-swapped](https://en.wikipedia.org/wiki/SIM%5Fswap%5Fscam?ref=blog.qedk.xyz). ![Image](https://pbs.twimg.com/media/F_-sfxrWYAAc8RS?format=jpg&name=medium) To top off the month, the frontends of [Velodrome](velo.drome.eth.limo) and [Aerodrome](aero.drome.eth.limo ) (the eth.limo links used here are safe) were hijacked to point to phishing sites. Contracts were not affected, and the decentralized frontends kept working as intended. Yet another example of web2 security issues persisting in the web3 world. > Our frontend is currently compromised. Please do not interact with Velodrome for the time being. The team are investigating and will communicate more here when we have it. > > — Velodrome (@VelodromeFi) [November 29, 2023](https://twitter.com/VelodromeFi/status/1729771762752135463?ref%5Fsrc=twsrc%5Etfw&ref=blog.qedk.xyz) > Protocol funds are safe, contracts are unaffected; please ensure you are accessing our decentralized frontend at [https://t.co/7U8yRQs1Li](https://t.co/7U8yRQs1Li?ref=blog.qedk.xyz) and review any permissions granted in the last several hours. [https://t.co/a7PdF9k6pC](https://t.co/a7PdF9k6pC?ref=blog.qedk.xyz) > > — Aerodrome (@aerodromefi) [November 29, 2023](https://twitter.com/aerodromefi/status/1729795692577624465?ref%5Fsrc=twsrc%5Etfw&ref=blog.qedk.xyz) That's it for this issue, catch y'all in the next one! 🫡