Crypto hacks and chaos aren’t halting this vacation season

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Should 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 get together of people — one which (on this analogy) may embody crypto hackers.

And though it’s the season to really feel jolly, that’s not stopping hackers from appearing out. However hey, enjoying 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 functions and providers, the crypto software program and {hardware} pockets maker Ledger stated on Thursday.

It’s not instantly clear how many individuals fell sufferer to the hack. ZachXBT, a well known impartial crypto researcher, wrote on X that one sufferer had greater than $600,000 in crypto drained from their account.

Particulars beneath.

What’s taking place in web3

1. Provide chain assault concentrating on Ledger crypto pockets leaves customers hacked
2. Bitcoin ATM firm Coin Cloud acquired hacked. Even its new house owners don’t know the way.
3. Worldcoin provides integrations with Minecraft, Reddit, Telegram, Shopify and Mercado Libre
4. Deadmau5-founded startup Korus faucets into AI for music creation

The most recent pod

For this week’s episode, Jacquelyn interviewed Johann Kerbrat, the overall supervisor of crypto at Robinhood.

Johann is main the applying’s effort to develop its crypto change enterprise and make digital property extra accessible to retail traders.

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 exterior of the U.S., how the platform restricted holding and buying and selling of sure crypto property in June and the place it stands right this moment.

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 evaluate in the event you like what you hear!

Observe the cash

1. Line Subsequent secures $140 million funding for its web3 platform
2. Lolli raises $8 million Sequence B to develop its bitcoin and cashback rewards to enterprises
3. Andalusia Labs raises $48 million Sequence A to enhance digital asset danger infrastructure
4. Dynamic raises $13.5 million from a16z crypto and Founders Fund to easily entry to web3 and crypto wallets
5. Avalanche-based Nodekit raised $1.2 million in pre-seed spherical to create a community centered on rollups

This record was compiled with data from Messari in addition to starcrypto’s personal reporting.

What else we’re writing

Need to department out from the world of web3? Listed here are some articles on starcrypto that caught our consideration this week.

1. Temu’s newest lawsuit towards Shein is wild (TC+)
2. OpenAI thinks superhuman AI is coming — and needs to construct instruments to manage it
3. AI isn’t and received’t quickly be evil and even good, nevertheless it’s additionally irreversibly pervasive
4. Right here’s the place founders screw up their pitch decks most frequently (TC+)
5. The potential of regulation hangs on the horizon over generative AI (TC+)

Observe me on Twitter @Jacqmelinek for breaking crypto information, memes and extra.