Techmeme
August 2, 2022, 3:55 PM

Top News

Brian Newar / Cointelegraph:
Hackers drain nearly the entire $190.7M in crypto from the Nomad token bridge, which raised an April 2022 seed from Coinbase, OpenSea, and five other companies  —  Hundreds of potential exploiters appear to have drained all of the bridge's $190 million in TVL in just a matter of hours.  —  57 Total views
Mengqi Sun / Wall Street Journal:
New York's State Department of Financial Services fines Robinhood's crypto unit $30M for allegedly violating anti-money laundering and cybersecurity regulations  —  The New York State Department of Financial Services alleges that Robinhood violated anti-money-laundering and cybersecurity regulations
Sofia Pitt / CNBC:
Uber reports Q2 revenue rose 105% YoY to $8.1B, above $7.39B estimates, a $2.6B net loss, and mobility gross bookings up 55% YoY to $13.4B; stock jumps 15%+  —  - Uber reported a net loss of $2.6 billion for the second quarter, $1.7 billion of which was attributed to investments and a revaluation of stakes in Aurora, Grab and Zomato.
Washington Post:
Legal docs: in its Elon Musk lawsuit, Twitter subpoenaed info about Chamath Palihapitiya, David Sacks, Steve Jurvetson, Marc Andreessen, Jason Calacanis, others  —  Twitter has subpoenaed information about elite Silicon Valley investors Chamath Palihapitiya, David Sacks, and Steve Jurvetson
Financial Times:
Sources: Adam Mosseri plans to temporarily relocate to London and build out Instagram's presence over the coming months at Meta's King's Cross offices  —  UK capital will effectively become social media app's base as parent Meta battles TikTok  —  Instagram head Adam Mosseri is moving to London …
Insider:
As TikTok grows in the Middle East and North Africa, its regional content moderators complain of psychological distress and pay of around $2 to $3 per hour  —  - As TikTok gains in popularity in the Middle East and North Africa, it's ramping up its content moderation operation in the region.
Bill Toulas / BleepingComputer:
CloudSEK researchers find 3,207 mobile apps exposing Twitter API keys to the public, potentially letting hackers take over associated users' Twitter accounts  —  Cybersecurity researchers have uncovered a set of 3,207 mobile apps that are exposing Twitter API keys to the public …
Shubham Saharan / Bloomberg:
Parafin, which builds financing arms for companies to lend to SMBs, raised a $60M Series B led by GIC, bringing its valuation to $520M and total funding to $94M  —  Parafin, a financial-technology startup run by former Robinhood Markets Inc. staffers, raised $60 million in its second funding round.
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