Another NFT platform succeeds in raising capital from investors; Autograph has raised $170 million in Series B funding, co-led by a16z and Kleiner Perkins. (Read More)
Autograph — the nonfungible token (NFT) platform co-founded by popular American football quarterback Tom Brady has announced the successful completion of a $170 million funding round. Autograph To Use Fund To Scale Its NFT Technology According to a Wednesday announcement by Autograph, the Series B round was co-led by Venture Capital (VC) firm Kleiner Perkin
North Korean hacks on the cryptocurrency platforms jumped to at least seven times, extracting nearly $400 million worth of digital assets over the last year, blockchain analysis firm Chainalysis said. (Read More)
Jack Dorsey, CEO of Block (formerly Square), has been a consistent advocate of bitcoin. Dorsey both personally and professionally has supported bitcoin for years. In 2018, he said that bitcoin will eventually become the world’s single currency. In 2020, Square purchased about $50 million worth of bitcoin. In early 2021, Square bought another $170 million […]
PlayUp has appealed a federal judge’s ruling denying the Australian-based gaming company an injunction against its former CEO, who it claims violated the terms of her employment contract and scuttled a deal that would have led to a $450 million sale of the company. The appeal is the latest twist in a case that also […]
North Korean hackers stole almost $400 million worth of cryptocurrencies from at least seven attacks on crypto platforms last year, blockchain analysis firm Chainalysis said in a report. The report noted that it was one of the most successful years on record for hackers to steal such large amounts of crypto with the attacks mainly targeted at investment firms and centralized exchanges. “From 2020 to 2021, the number of North Korean-linked hacks jumped from four to seven, and the value extracted from these hacks grew by 40 percent,” said the report, which was released on Thursday. Many of last year’s attacks were likely carried out by the Lazarus Group, a hacking group sanctioned by the United States, which is believed to be controlled by North Korea’s primary intelligence bureau, the Reconnaissance General Bureau. The attackers used a number of techniques to launder the stolen cryptocurrencies including mixers, or software tools that pool and scramble cryptocurrencies from thousands of addresses to siphon funds from the organizations’ hot wallets and then move them into North Korean-controlled addresses, Chainalysis said. “Once North Korea gained custody of the funds, they began a careful laundering process to cover up and cash out,” the report added. Per the report, Bitcoin now accounts for less than one-quarter of the stolen cryptocurrencies or 20 percent of the stolen funds. In contrast, Ethereum makes up the vast majority of stolen funds with 58 percent. The report also identified $170 million in old, unlaundered cryptocurrency holdings from 49 separate hacks from 2017 to 2021.
North Korean hackers launched at least seven attacks on cryptocurrency exchanges in 2021, stealing around $400 million worth of digital assets, the blockchain analytics firm, Chainalysis revealed i...