Binance Admits Hackers Used Chain Bridge To Steal At Least $100 Million • TechCrunch


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Friday!

How’s that for brevity in magazine intros? Let’s get right to it, turn on Liquid Death and let the week pass quickly into the dark recesses of memory. – Christine And came

TechCrunch’s Top 3

  • oh ohBinance, one of the world’s largest cryptocurrency exchanges, has confirmed that hackers have discovered a breach of its blockchain bridge that led to a $100 million purchase. Carly It has more.
  • Evolved from elephants to unicorns: Annie Kenyan tourism-focused startup studio Purple Elephant Ventures has reportedly raised $1 million in pre-seed funding to modernize the industry.
  • What until you see the pictureAmazon Scout will have you go up to him and give him a pat. Unfortunately, you may not have the chance. Three years after unveiling the robot, the giant said it was winding down the program. Brian Reports.

Startups and VCs

As homes are built closer together and the increasing effects of climate change wreak havoc on natural landscapes, the risk of wildfires is increasing. In response, entrepreneurs have begun to develop technology to reduce the extent and damage of these natural disasters. Convective Capital is a new VC firm looking to back them, and has raised $35 million to do so. Becca Reports.

came If you’re a car dealer, I’m tired of startups taking liberties with market size, complaining that your full-service market isn’t the value of the cars you sell (that’s SOM for the car manufacturer). Your SOM is the total cost of sales commissions, service plans, aftermarket goods and services, and anything else you actually make money from.

And we have five more for you:

7 Investors Discuss How AgTech Can Solve Agriculture’s Biggest Challenge

Image Credits: Creative drone (Opens in a new window) / Getty Images

Of all global industries, perhaps none is more vulnerable to climate change than agriculture.

There is consensus among leading scientists that the amount of carbon dioxide we are putting into the atmosphere is exacerbating extreme weather events. How does that affect the way agtech VCs operate during the downturn?

To find out more, we conducted a survey:

  • Brett Brohl, Managing Director of Techstars Farm For Fork and Managing Partner at Bread & Butter Ventures
  • Monica Varman, Partner at G2 Venture Partners
  • Jinesh Shah, Managing Partner at Omnivore
  • Adam Anders, Managing Partner at Antera Capital
  • Investors Ting Ting Liu and Ashutosh Sharma India are heads of Process Ventures.
  • Camilla Petit, Partner at Productivity Labs

Three more from the TC+ team:

TechCrunch+ Our membership program helps founders and startup teams stay ahead of the pack. You can register here.. Use code “DC” for 15% off annual subscription!

Big Tech Inc.

Google plans to open its first data center in Japan in 2023. Ivan He wrote. The center is part of a $730 million infrastructure fund and will be the search engine giant’s third in the region.

Meanwhile, Kyle And Amanda He looked at artificial intelligence-powered music generators and the place in an industry where it pays to use your natural and human talents in general.

And another five more for you.

  • Sharing is caringA new Twitter feature encourages users to share the tweet and take a screenshot and then post it to other social media. Ivan He wrote.
  • Press pauseA judge has ordered a temporary halt to the Musk and Twitter lawsuit while the two sides reach a settlement. Amanda Reports.
  • It’s Mariooooooooo.: Amanda “So far, Chris Pratt’s Mario looks more like Andy Dwyer than Star-Lord, and we love him for it,” she writes, giving an inside look at the new “Super Mario Bros. Movie.”
  • Make adjustments: Shopify has agreed to add some consumer safety features to its app in Europe to make it faster and easier to report problems to national consumer authorities; Natasha L Reports.
  • Open the coolerPepsi is at the front of the line to receive the first Tesla Semi deliveries. Kirsten He wrote.





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