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TechCrunch Daily Crunch

Daily Crunch 10/8/22

TechCrunch Daily Crunch

SpokenLayer

Tech News, News, Technology

3.849 Ratings

🗓️ 8 October 2022

⏱️ 5 minutes

🧾️ Download transcript

Summary

Binance hit by $100 million blockchain bridge hack; Purple Elephant Ventures, Kenya’s tourism-focused startup studio, raises $1 million pre-seed funding; Amazon scales back Scout delivery robot program Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:07.0

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0:35.7

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0:45.2

dot com code tech news this is tech crunch

0:55.0

Here's your daily crunch. Coming up, Binance has been hit by a 100 million dollar blockchain bridge hack.

1:02.0

Purple Elephant Ventures, Kenya's tourism focused startup studio, has raised $1 million

1:07.8

and Amazon is scaling back at Scout Delivery Robot Program.

1:20.0

Binance, the world's largest cryptocurrency exchange, confirmed Thursday that hackers made off with at least $100 million, but that the figure could have been significantly more.

1:24.2

The Binance blockchain, also known as B&B Chain and Binance Smart Chain, took their rare step of

1:29.7

suspending transactions and fund transfers after discovering a vulnerability affecting the BSC

1:35.3

token hub cross-chain bridge. These bridges are designed to facilitate the transfer of assets

1:41.6

from one independent blockchain to another. the mint new B&B tokens. Since the stolen tokens were not pre-existing tokens taken from wallets,

1:56.0

no user funds were impacted.

1:59.0

Next up, a Kenya-based venture studio with a focus on tourism,

2:02.0

Purple Elephant Ventures, PEV, has raised $1 million in

2:07.0

pre-seed funding to build the next generation of startups that use technology to modernize

2:12.1

the tourism sector.

...

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