Fri. 10/07 – What Is It With These Dang Bridges?

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 7 October 2022

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

There’s another huge crypto hack and I’ll give you two guesses as to what folks think the culprit is. The Twitter/Elon trial is officially paused. Meta can’t get its own developers to use their metaverse products. Maybe my dream of Death Star style anklebots is over. And, of course, the weekend longreads suggestions. Sponsors: Wealthfront.com/techmeme Links: Binance-linked blockchain hit by $570 million crypto hack (Reuters) The Elon Musk vs. Twitter trial is on hold until October 28th (The Verge) Meta’s flagship metaverse app is too buggy and employees are barely using it, says exec in charge (The Verge) Amazon Abandons Home Delivery Robot Tests in Latest Cost Cuts (Bloomberg) Samsung Details GDDR7 and 1,000-Layer V-NAND Plans (Tom's Hardware) Weekend Longreads Suggestions: Even After $100 Billion, Self-Driving Cars Are Going Nowhere (Bloomberg) The Illustrated Stable Diffusion (Jay Alammar) Swiss Dropout Worth $14 Billion Moves Startup Away From Porn (Bloomberg) The Next Big Battle Between Google and Apple Is for the Soul of Your Car (WSJ) How To Download All of Wikipedia onto a USB Flash Drive in 2022 (Planet of the Paul) A Canticle for Leibowitz (Wikipedia) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Meme Right Home for Friday, October 7th, 2022. I'm Brian McCullough today.
0:09.0	There's another huge crypto hack and I'll give you two guesses as to what folks think the culprit is.
0:14.9	The Twitter Elon trial is officially paused.
0:17.5	Meta can't get its own developers to use their Metaverse products.
0:21.5	Maybe my dream of Destar style An bots is over, and of course, the weekend long read suggestions.
0:27.0	Here's what you miss today in the world of tech.
0:29.9	What the heck is it with Bridges? Example number, whatever.
0:37.0	Binance says 2 million BnB coin worth around 570 million dollars were stolen from its
0:45.0	Bnb chain in an exploit. The quote majority of Bn B. B. B. B. B. B.
0:50.1	are in the hacker's wallet. Around a hundred million dollars worth were, quote, unrecovered.
0:57.0	Earlier, the word was that Binance Smart Chain had suspended transactions due to a bridge
1:01.6	exploit, quoting the latest from Reuters. expended transactions due to a bridge exploit.
1:03.0	Quoting the latest from Reuters,
1:05.0	Binance CEO Chang-Peng-Jao
1:07.2	said in a tweet that tokens were stolen
1:09.7	from a blockchain bridge used in the BMB chain, which was known as Binance Smart Chain until February.
1:17.4	blockchain bridges are tools used to transfer cryptocuracies between different applications.
1:21.4	Chauve said the hackers stole around $100 million worth of crypto.
1:25.0	Bnb Chain later said in a blog post that a total of 2 million of the cryptocurrency
1:29.5	Bnb worth around 570 million was withdrawn by the hacker.
1:33.6	Bnb chain supports the Bnb cryptocurrency,
1:36.2	formerly known as Bynance coin, which is the world's fifth largest token
	...

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