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After raising $1 billion, fintech Varo closes another $29 million, replaces founder CEO

techcrunch.com Mary Ann Azevedo 2025-06-08 05:59:53

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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Epic sues Fortnite cheater, forces public apology and financial penalty

techspot.com Zo Ahmed 2025-06-08 08:18:00

Serving tech enthusiasts for over 25 years.TechSpot means tech analysis and advice you can trust What just happened? Cheaters are the bane of both developers and gamers alike. Epic Games doesn't take such transgressions lightly and has just delivered a harsh lesson to a Fortnite player who thought they could game the system. The saga centers around Morgan "RepulseGod" Bamford, a Fortnite pro who apparently missed the memo on fair play. According to reports, RepulseGod shared his Epic Games acc

Topics: account epic fortnite legal repulsegod
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Major DRAM makers set to halt DDR3 and DDR4 production in 2025

techspot.com Alfonso Maruccia 2025-06-08 08:56:00

Rumor mill: The DRAM industry could be in for a major shake-up this year. Sources claim production of mature DRAM solutions may be winding down as the largest memory manufacturers shift their focus almost entirely to high-performance chips. If true, the move could have significant consequences for the market and end customers alike. The "big three" in the DRAM industry are preparing to end production of DDR3 and DDR4 memory solutions this year. Samsung Electronics, SK Hynix, and Micron are repo

Topics: demand dram manufacturers market memory
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Man Wakes Up, Finds That Large Chunk of SpaceX Rocket Has Crashed Into His Garden

futurism.com Unknown 2025-06-08 07:27:16

A Polish man named Adam Borucki made an unusual discovery in his backyard after waking up one day: the purported remains of a second stage of a SpaceX Falcon 9 rocket. As the UK tabloid The Daily Mail reports, Borucki reported the "large object about [five by three feet] in size" to the local police. "We are investigating how the object ended up in this location, but the important thing is that no one was harmed," police spokesman Andrzej Borowiak told the tabloid. It seems likely that the ob

Topics: falcon object rocket spacex stage
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Twitch community guideline violations will now disappear from accounts after a set time

engadget.com Unknown 2025-06-08 08:51:22

Twitch has rolled out a number of changes to its violation enforcement system. The biggest change is that now infractions will disappear from an account “after a set amount of time.” This is great news for long-time creators, as minor violations stacked. This led to folks getting suspended as these smaller infractions piled up. The platform says that most minor infractions, like cheating in an online game, will expire after 90 days. More serious violations, like participating in hateful conduct

Topics: infractions suspension time twitch violations
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Italian media groups file criminal complaint over the WhatsApp hack on journalists

engadget.com Unknown 2025-06-08 09:31:50

The fallout continues from the recent WhatsApp hacking campaign (by a still-unconfirmed entity) that targeted nearly 100 journalists and activists. Bloomberg reported on Wednesday that a collection of Italian media groups has filed a criminal complaint with the Rome Public Prosecutor's Office. They hope to discover who installed the zero-click spyware, which was made by the Israeli-founded Paragon Solutions. According to Bloomberg, the complaint describes the spyware as an "intolerable intrusio

Topics: company contract italian italy paragon
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Phishing attack hides JavaScript using invisible Unicode trick

bleepingcomputer.com Unknown 2025-06-08 09:14:09

A new JavaScript obfuscation method utilizing invisible Unicode characters to represent binary values is being actively abused in phishing attacks targeting affiliates of an American political action committee (PAC). Juniper Threat Labs that spotted the attack reports that it took place in early January 2025 and carries signs of sophistication such as the use of: Personalized non-public information to target victims, Debugger breakpoint and timing checks to evade detection, Recursively wrapp

Topics: characters hangul invisible javascript juniper
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