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dot com code tech news this is tech crunch

Here's your Daily Crunch.

Board of Directors announced in a press release that the company is adopting a

limited duration shareholder rights plan, a poison pill in a Twitter is clearly trying to prevent the billionaire from buying the social network.

Elon Musk currently owns 9.2% of Twitter.

In other news, U.S. officials have linked North Korean state-backed hacking group Lazarus to the recent theft of

625 million dollars in cryptocurrency from the Ronan network and Ethereum-based side-chain

made for the popular play-to-earn game Axi Infinity.

On Thursday the Treasury Department's Office of Foreign Assets Control announced new sanctions

against an Ethereum-Walid belonging to Lazarus.

Blockchain analysis firm's elliptic and chain analysis have both confirmed that the

U.S. Treasury's wallet address is identical to the one used in the Ronan Hack, which saw the attackers exploit the network for 173,600

ether or about $597 million, and $25.5 million worth of the Stable coin USDC.

Also, VC funding into Europe, including the UK, was up in the first quarter of 2022.

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