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Crypto theft is booming as criminals increasingly turn to physical attacks

cnbc.com Ryan Browne 2025-07-21 07:34:49

The value of cryptocurrencies stolen by criminals surged in the first six months of 2025 after a high-profile hack and a wave of physical attacks targeting crypto holders and their relatives. So far this year, $2.17 billion has been stolen from crypto services — already eclipsing the $1.87 billion of funds stolen from platforms in 2024 — and this is expected to reach $4 billion by the end of 2025, according to a report published Thursday by blockchain analysis firm Chainalysis. Overall, the co

Topics: billion chainalysis crypto funds stolen

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Brian Singerman is raising over $500M for a new fund with a twist on the VC model

techcrunch.com Marina Temkin 2025-07-26 10:33:28

Former Founders Fund GP Brian Singerman and co-founder and managing partner of Quiet Capital, Lee Linden, are seeking over $500 million for a new fund called GPx, three people familiar with their strategy told TechCrunch. A portion of GPx’s fund will likely come from Founders Fund co-founder Peter Thiel, these people said. GPx uses a two-pronged strategy. The firm will invest approximately 20% of the capital into funds managed by emerging VCs who are targeting pre-seed and seed-stage startups;

Topics: capital fund funds gpx stage

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Brian Singerman’s new fund has a twist, and Peter Thiel as a big backer

techcrunch.com Marina Temkin 2025-07-26 15:33:28

Former Founders Fund GP Brian Singerman and co-founder and managing partner of Quiet Capital, Lee Linden, are seeking over $500 million for a new fund called GPx, three people familiar with their strategy told TechCrunch. A significant portion of GPx’s fund, potentially as much as 50%, will come from Founders Fund co-founder Peter Thiel, these people said. GPx uses a two-pronged strategy. The firm will invest approximately 20% of the capital into funds managed by emerging VCs who are targeting

Topics: capital fund funds gpx stage

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The new math: Why seed investors are selling their winners earlier

techcrunch.com Connie Loizos 2025-08-31 01:04:28

Charles Hudson had just closed his fifth fund several months ago — $66 million for Precursor Ventures — when one of his limited partners asked him to run an exercise. What would have happened, the LP wondered, if Hudson had sold all his portfolio companies at Series A? What about Series B? Or Series C? The question wasn’t academic. After two decades in venture capital, Hudson has been watching the math of seed investing change, maybe permanently. LPs who’ve previously been patient with seven-to

Topics: funds hudson like says venture

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DOJ files to seize $225 million in crypto from scammers

theverge.com Adi Robertson 2025-09-04 07:53:53

The Department of Justice reported yesterday that it filed a civil complaint to seize roughly $225.3 million in cryptocurrency linked to crypto investment scams. In a press release, the DOJ said it traced and targeted accounts that were “part of a sophisticated blockchain-based money laundering network” dispersing funds taken from more than 400 suspected victims of fraud. The 75-page complaint filed in the US District Court for the District of Columbia lays out more detail about the seizure. Ac

Topics: complaint crypto doj funds victims

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If You Were Surprised by an Amazon Refund From Years Ago, Here's Why

cnet.com See Full Bio 2025-09-07 08:55:03

What's better than a surprise package from Amazon? A big chunk of money. After all the money you've spent at Amazon, it's only fair that the online shopping giant gives you some cash back, right? That's what some customers are discovering after learning about surprise Amazon refunds they've received, sometimes for purchases made years ago. One customer on LinkedIn said he received a refund of $1,800 for a smart TV bought in 2018. Others made similar comments about products bought long before.

Topics: amazon customers orders refunds surprise

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Caltrain official lived in secret apartment built illegally inside train station

news.ycombinator.com George Kelly 2025-09-11 14:14:12

Joseph Navarro’s apartment was a typical Bay Area bachelor pad: on the small side, somewhat lacking in homey touches or creature comforts. But the location was hard to beat: stashed away inside the Burlingame Caltrain station. Images released Thursday by the San Mateo County district attorney’s office show the interior of the secret dwelling that Navarro, a former Caltrain deputy director, built illegally using public funds. Navarro lived in the snug chambers for years, but he will now reside

Topics: caltrain county funds navarro san

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Latest Tech News

Crypto theft is booming as criminals increasingly turn to physical attacks

Brian Singerman is raising over $500M for a new fund with a twist on the VC model

Brian Singerman’s new fund has a twist, and Peter Thiel as a big backer

The new math: Why seed investors are selling their winners earlier

DOJ files to seize $225 million in crypto from scammers

If You Were Surprised by an Amazon Refund From Years Ago, Here's Why

Caltrain official lived in secret apartment built illegally inside train station

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Latest Tech News

Crypto theft is booming as criminals increasingly turn to physical attacks

Brian Singerman is raising over $500M for a new fund with a twist on the VC model

Brian Singerman’s new fund has a twist, and Peter Thiel as a big backer

The new math: Why seed investors are selling their winners earlier

DOJ files to seize $225 million in crypto from scammers

If You Were Surprised by an Amazon Refund From Years Ago, Here's Why

Caltrain official lived in secret apartment built illegally inside train station

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