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You are at:Home » The holiday season sees ongoing cryptocurrency hacks and chaos
The Holiday Season Sees Ongoing Cryptocurrency Hacks And Chaos
Technology December 15, 2023

The holiday season sees ongoing cryptocurrency hacks and chaos

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Welcome to Chain Reactions.

Get a roundup of TechCrunch’s biggest and most important crypto articles delivered to your inbox every Thursday at 12pm PT. Subscribe here.

If you’re feeling the holiday spirit this month, you’re probably aligning yourself with the millions of people who are spreading joy, love, warmth, and even generosity.

But if you’re feeling like the Grinch, you’re probably joining a smaller group of individuals, one that may (in this analogy) include crypto hackers. there is.

Even though it’s a fun season, hackers haven’t stopped. But hey, playing devil’s advocate, the attackers may be overjoyed every time someone falls for their scam. Two sides of the coin.

Earlier Thursday, hackers breached the code behind the cryptographic protocols used by multiple Web3 applications and services, crypto software and hardware wallet maker Ledger announced Thursday.

It was not immediately clear how many people were victims of the hack. ZachXBT, a well-known independent crypto researcher, wrote to X that one of the victims had over $600,000 in crypto assets leaked from his account.

Please see below for details.

what is happening in web3

  1. Users hacked in supply chain attack targeting Ledger cryptocurrency wallets
  2. Bitcoin ATM company Coin Cloud has been hacked. Even the new owners don’t know how.
  3. Worldcoin adds integration with Minecraft, Reddit, Telegram, Shopify, Mercado Libre
  4. Korus, a startup founded by Deadmau5, uses AI to create music

latest pod

this week's episode, Jacqueline We interviewed Johan Kerblatt, General Manager of Cryptocurrency at Robinhood.

Johan is leading applications efforts to grow the cryptocurrency exchange business and make digital assets more accessible to retail investors.

Before joining Robinhood, Johan was an engineer at Airbnb, served as Head of Engineering at Uber and VP of Engineering at privacy-focused crypto startup Iron Fish.

We discussed Robinhood's expansion outside the US, how the platform restricted holdings and trading of certain crypto assets in June, and the current situation.

We also discussed:

  • appeal to mainstream audiences
  • Grow your cryptocurrencies on the platform
  • Regulatory concerns
  • Robinhood’s 2024 Goals

apply Chain reaction upon apple podcast, spotify Or catch up on the latest episodes using your favorite pod platform. If you like what you hear, please leave a review.

follow the money

  1. Line Next secures $140 million in funding for its Web3 platform
  2. Lolli raises $8M in Series B to expand Bitcoin and cashback benefits to businesses
  3. Andalusia Labs raises $48 million in Series A to improve risk infrastructure for digital assets
  4. Dynamic raises $13.5 million from a16z cryptocurrency and Founders Fund for easy access to Web3 and cryptocurrency wallets
  5. Avalanche-based Nodekit raises $1.2M in pre-seed round to build rollup-focused network

This list was compiled using information from Messari and TechCrunch's own reporting.

what else are you writing?

Ready to step outside the world of Web3? Here are some TechCrunch articles that caught our attention this week.

  1. Mr. Tem’s latest lawsuit against Shane is wild (TC+)
  2. OpenAI believes superhuman AI is coming and wants to build tools to control it.
  3. AI is not evil and will not get smarter any time soon, but it is also irreversibly pervasive.
  4. Here's where founders mess up their pitch decks most often (TC+)
  5. Possible regulations surrounding generative AI (TC+) are on the horizon

Follow us on Twitter @Jacqmelinek Get the latest cryptocurrency news, memes, and more.

Source: techcrunch.com

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