A hacker who robbed the decentralized stablecoin platform Beanstalk in April had a powerful tool: a $1 billion loan taken out with no collateral, no proof of income and no identity verification. The loan had to be repaid in less than a second, but that was all that was needed...
A new investment firm founded by Joe McCann is targeting to raise $1 billion in capital, joining the likes of Andreessen Horowitz (a16z), Paradigm and Katie Haun’s new set of funds in unveiling new billion dollar plus raises over the last year. McCann — whose career has spanned systematic trading...
On March 23rd, the Ronin blockchain network underlying the popular NFT-driven game Axie Infinity was hit with a hack that saw the attackers walk away with an eye-popping $625 million in cryptocurrency. The Ronin hack was the largest amount of money that had ever been stolen from the type of...
