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Crypto exchange Bybit says it was hacked and lost around $1.4B

techcrunch.com Lorenzo Franceschi-Bicchierai 2025-06-04 13:00:33

Crypto exchange Bybit announced on Friday that “a sophisticated attack” led to the theft of Ethereum (ETH) from one of the company’s offline wallets. Bybit’s chief executive and co-founder Ben Zhou said in a livestream that the hackers stole around 401,346 ETH, which at the time of the theft amounts to about $1.4 billion. Both crypto security firm Elliptic, as well as crypto security researcher ZachXBT, the total amount of ETH stolen is worth around $1.4 billion, making this the largest known

Topics: according billion bybit crypto theft
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Crypto exchange Bybit says it was hacked and lost around $1.4 billion

techcrunch.com Lorenzo Franceschi-Bicchierai 2025-06-04 18:00:33

Crypto exchange Bybit announced on Friday that “a sophisticated attack” led to the theft of ethereum (ETH) from one of the company’s offline wallets. Bybit’s chief executive and co-founder Ben Zhou said in a livestream that the hackers stole around 401,346 ETH, which at the time of the theft amounts to about $1.4 billion. Both crypto security firm Elliptic, as well as crypto security researcher ZachXBT, the total amount of ETH stolen is worth around $1.4 billion, making this the largest known

Topics: according billion bybit crypto theft
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61 US startups became unicorns in 2024: Here’s the full list

techcrunch.com Dominic-Madori Davis 2025-06-04 07:55:22

Despite the tight venture capital market, unicorns are still being created every month. Using data from Crunchbase, CB Insights, and PitchBook, TechCrunch tracked down the newly minted unicorns so far this year. The list includes Elon Musk’s xAI, which is already valued at a staggering $24 billion, as well as a good number of other AI startups. But cybersecurity, health tech, and fintech have also done well. This list will be updated throughout the year, so check back and see the powerhouses ra

Topics: according billion company million raised
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SpaceX engineers brought on at FAA after probationary employees were fired

arstechnica.com Unknown 2025-06-04 15:12:56

Engineers who work for Elon Musk’s SpaceX have been brought on as senior advisers to the acting administrator of the Federal Aviation Administration (FAA), sources tell WIRED. On Sunday, Sean Duffy, secretary of the Department of Transportation, which oversees the FAA, announced in a post on X that SpaceX engineers would be visiting the Air Traffic Control System Command Center in Virginia to take what he positioned as a tour. “The safety of air travel is a nonpartisan matter,” Musk replied. “S

Topics: according engineers faa senior spacex
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CEO of Clearview AI, a controversial facial recognition startup, has resigned

techcrunch.com Charles Rollet 2025-06-04 15:17:16

The CEO of Clearview AI, the controversial facial recognition startup that created a searchable database of 30 billion photos by scraping the internet, has resigned, according to a statement he supplied to TechCrunch. The CEO, Hoan Ton-That, said “it is time for the next chapter in my life” and that he would remain on as a board member of Clearview AI. He declined to comment when asked for more details on what specifically sparked his resignation. The news was first reported by Forbes. Clearvi

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These Are the SpaceX Engineers Already Working Inside the FAA

wired.com Vittoria Elliott 2025-06-04 15:50:14

Engineers who work for Elon Musk’s SpaceX have been brought on as senior advisers to the acting administrator of the Federal Aviation Administration (FAA), sources tell WIRED. On Sunday, Sean Duffy, secretary of the Department of Transportation, which oversees the FAA, announced in a post on X that SpaceX engineers would be visiting the Air Traffic Control System Command Center in Virginia to take what he positioned as a tour. “The safety of air travel is a nonpartisan matter,” Musk replied. “S

Topics: according engineers faa spacex worked
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After raising $1 billion, fintech Varo closes another $29 million, replaces founder CEO

techcrunch.com Mary Ann Azevedo 2025-06-04 16:59:53

Fintech Varo has been hoping to raise a $55 million Series G round but has, so far, closed on $29 million to date, according to a recent SEC filing. Varo declined to comment on this new round but the fintech has raised just over $1 billion in funding since its 2015 inception, according to PitchBook. It wouldn’t be the first time its fundraising didn’t go as hoped for. In 2023, Varo raised a $50 million equity round at a lower valuation ($1.85 billion post-money) than its massive and, it said,

Topics: according company million techcrunch varo
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