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Unknown hacker drains millions of dollars from thousands of Solana hot wallets – TechCrunch

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The TechCrunch Top 3

  • Where once there was sunshine, now darkness has faded: Thousands of Solana users found around $8 million total drained from their wallets, Rita and Karly write. The hack only affects “hot” wallets, the couple reports. Industry experts say this may have been a privacy key breach. We are sure there will be more about this later.
  • Ping is on familiar territory: Ping Identity, a publicly traded identity management company, has agreed to be acquired by private equity firm Thoma Bravo, Ingrid reports. This isn’t Ping’s first exposure to PE involvement. It was majority owned by Vista Equity, which retains a minority interest in the company. Thoma Bravo has been on a buying spree lately and has also bought SailPoint and Anaplan this year.
  • trading places: We go back to Rita, writing about Salesforce and taking a look at its presence in China. Changes include closing the Hong Kong office and accelerating Salesforce’s relationship with Alibaba, which includes helping companies build a social commerce presence.

Startups and VCs

L’Attitude Ventures announced today that it has closed its first institutional fund, raising more than $100 million from several financial services heavyweights, including a “strategic anchor investment” from JPMorgan Chase, Maria Ann reports.

Playstudios, a publicly traded mobile gaming platform and developer, is venturing into the Web3 world with a new blockchain division and investment fund. The gaming company announced a $10 million investment vehicle, Future Fund, to support companies building rewarding gaming options. Jaquelyn reports.

Keep the startup train rolling:

Dear Sophie, how long do I have to stay in my current job after I get my green card?

lone figure at the entrance to the hedge maze that has an American flag in the middle

Photo credit: Bryce Durbin/TechCrunch

Dear Sophie,

I’m a software engineer currently on an H-1B. My employer sponsored me for an EB-2 Green Card and my application was approved, but I am still awaiting a decision on my permanent residency application.

I want to leave my employer and do something completely different. Can I transfer my Green Card to another employer in a different area and position, or should I keep it in my current position until I receive my Green Card?

If I should stick it out, how long should I stay with my current employer after receiving my green card?

– Desire for change

(TechCrunch+ is our membership program that helps founders and startup teams get ahead. Here you can sign up.)

BigTech Inc.

Uber and Omio are teaming up in the UK to allow users to book trains, buses and coach travel. Natasha L reports. The ride-hailing giant sees this as a way to not only get into long-distance travel, but also to capture or recapture travelers who are switching between different modes of transport. In other Uber news, the company now appears to have finalized its partnership with Indian food delivery company Zomato. Manic writes.

Stay in India for a moment, Manic also reports that the government is withdrawing its law on the protection of personal data. These were some laws that privacy advocates and tech giants weren’t fans of, mainly because they felt they restricted how sensitive information was handled while allowing the government to access the same information more easily.

Speaking of partnerships, Ticketmaster and TikTok now have one to offer users a new way to discover and buy event tickets. aisha writes. This feature is initially intended for certain creators who can search for Ticketmaster events and add destination links to their videos. Ivan also reports that ByteDance may be preparing for a global launch of TikTok Music.

You might also want to go into these “bytes”:

https://techcrunch.com/2022/08/03/daily-crunch-unknown-hacker-drains-millions-of-dollars-from-thousands-of-solana-hot-wallets/ Unknown hacker drains millions of dollars from thousands of Solana hot wallets – TechCrunch

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