Welcome again to Chain Response.
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In the event you’re feeling the vacation spirit this month, you in all probability align with hundreds of thousands of individuals on the market spreading pleasure, love, heat, perhaps even some generosity.
However in the event you’re feeling just like the Grinch, chances are high you’re aligning with a smaller occasion of people — one which (on this analogy) might embody crypto hackers.
And despite the fact that it’s the season to really feel jolly, that’s not stopping hackers from performing out. However hey, taking part in satan’s advocate, perhaps the attackers are jolly each time somebody falls for his or her rip-off. Two sides of the coin.
Earlier on Thursday, hackers compromised the code behind a crypto protocol utilized by a number of web3 purposes and providers, the crypto software program and {hardware} pockets maker Ledger mentioned on Thursday.
It’s not instantly clear how many individuals fell sufferer to the hack. ZachXBT, a widely known impartial crypto researcher, wrote on X that one sufferer had greater than $600,000 in crypto drained from their account.
Particulars under.
What’s occurring in web3
- Supply chain attack targeting Ledger crypto wallet leaves users hacked
- Bitcoin ATM company Coin Cloud got hacked. Even its new owners don’t know how.
- Worldcoin adds integrations with Minecraft, Reddit, Telegram, Shopify and Mercado Libre
- Deadmau5-founded startup Korus taps into AI for music creation
The most recent pod
For this week’s episode, Jacquelyn interviewed Johann Kerbrat, the final supervisor of crypto at Robinhood.
Johann is main the appliance’s effort to broaden its crypto alternate enterprise and make digital belongings extra accessible to retail buyers.
Earlier than becoming a member of Robinhood, Johann was an engineer at Airbnb and was the pinnacle of engineering at Uber and VP of engineering at Iron Fish, a privacy-focused cryptocurrency startup.
We mentioned Robinhood’s growth outdoors of the U.S., how the platform restricted holding and buying and selling of sure crypto belongings in June and the place it stands at this time.
We additionally talked about:
- Interesting to mainstream audiences
- Rising crypto on its platform
- Regulatory considerations
- Robinhood’s 2024 targets
Subscribe to Chain Response on Apple Podcasts, Spotify or your favourite pod platform to maintain up with the most recent episodes, and please go away us a overview in the event you like what you hear!
Observe the cash
- Line Next secures $140 million funding for its web3 platform
- Lolli raises $8 million Collection B to broaden its bitcoin and cashback rewards to enterprises
- Andalusia Labs raises $48 million Collection A to enhance digital asset danger infrastructure
- Dynamic raises $13.5 million from a16z crypto and Founders Fund to easily entry to web3 and crypto wallets
- Avalanche-based Nodekit raised $1.2 million in pre-seed spherical to create a community centered on rollups
This record was compiled with info from Messari in addition to TechCrunch’s personal reporting.
What else we’re writing
Wish to department out from the world of web3? Listed here are some articles on TechCrunch that caught our consideration this week.
- Temu’s latest lawsuit against Shein is wild (TC+)
- OpenAI thinks superhuman AI is coming — and wants to build tools to control it
- AI isn’t and won’t soon be evil or even smart, but it’s also irreversibly pervasive
- Here’s where founders screw up their pitch decks most often (TC+)
- The possibility of regulation hangs on the horizon over generative AI (TC+)
Observe me on Twitter @Jacqmelinek for breaking crypto information, memes and extra.
