Welcome again to Chain Reaction.
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If you’re feeling the holiday spirit this month, you most likely align with hundreds of thousands of individuals on the market spreading pleasure, love, heat, possibly even some generosity.
But when you’re feeling just like the Grinch, chances are high you’re aligning with a smaller occasion of people — one which (in this analogy) may embrace crypto hackers.
And although it’s the season to really feel jolly, that’s not stopping hackers from appearing out. But hey, taking part in satan’s advocate, possibly 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 functions and companies, 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.
Details under.
What’s taking place in web3
- Supply chain assault focusing on Ledger crypto pockets leaves customers hacked
- Bitcoin ATM firm Coin Cloud bought hacked. Even its new homeowners don’t understand how.
- Worldcoin provides integrations with Minecraft, Reddit, Telegram, Shopify and Mercado Libre
- Deadmau5-founded startup Korus faucets into AI for music creation
The newest 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 traders.
Before becoming a member of Robinhood, Johann was an engineer at Airbnb and was the top of engineering at Uber and VP of engineering at Iron Fish, a privacy-focused cryptocurrency startup.
We mentioned Robinhood’s enlargement 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 present.
We additionally talked about:
- Appealing to mainstream audiences
- Growing crypto on its platform
- Regulatory issues
- Robinhood’s 2024 targets
Subscribe to Chain Reaction on Apple Podcasts, Spotify or your favourite pod platform to maintain up with the newest episodes, and please depart us a assessment when you like what you hear!
Follow the cash
- Line Next secures $140 million funding for its web3 platform
- Lolli raises $8 million Series B to broaden its bitcoin and cashback rewards to enterprises
- Andalusia Labs raises $48 million Series A to enhance digital asset threat 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 targeted on rollups
This listing was compiled with data from Messari in addition to Ztoog’s personal reporting.
What else we’re writing
Want to department out from the world of web3? Here are some articles on Ztoog that caught our consideration this week.
- Temu’s newest lawsuit towards Shein is wild (TC+)
- OpenAI thinks superhuman AI is coming — and desires to construct instruments to manage it
- AI isn’t and received’t quickly be evil and even sensible, nevertheless it’s additionally irreversibly pervasive
- Here’s the place founders screw up their pitch decks most frequently (TC+)
- The chance of regulation hangs on the horizon over generative AI (TC+)
Follow me on Twitter @Jacqmelinek for breaking crypto information, memes and extra.