1 / 3

Security Breach in Blockchains Bridges Spurs Vcs to Reconsider Their Investment in Crypto

Animoca Co-founder says that Venture Capital firms will be more vigilant about security aspects. Animoca plans on how to reimburse players; stolen funds.

ABHIJIT5
Download Presentation

Security Breach in Blockchains Bridges Spurs Vcs to Reconsider Their Investment in Crypto

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Security Breach in Blockchains Bridges Spurs Vcs to Reconsider Their Investment in Crypto By Josie Patra March 31, 2022 Article Overview   The impact of the security breach Further Reading Axie Infinity, the famous play to earn game’s approximately $600 million hacks of its software, is likely to shift Venture Capitalists’ responsibilities and attitude toward crypto investment, according to Yat Siu, co- founder of Animoca Brands.

  2. The impact of the security breach As per Bloomberg News, the security breach by the hackers allowed them to steal 25.5 million USDC tokens and 173,600 Ether exposing the vulnerability between the so-called bridges that used different blockchains to swap digital tokens between them. Sky Mavis, the developer of Axie Infinity, has Animoca, who has a range of business-related to non-fungible tokens, as one of its investors.

  3. You can read the full content: https://businessupside.com/2022/03/31/security-breach-in-blockchains- bridges-spurs-vcs-to-reconsider-their-investment-in-crypto/ •••••••••••••••••••••••••• Business Upside Email ID: support@businessupside.com Phone No.: +1-425-605-0775 Visit Us: https://www.businessupside.com/ Stay Connected Via: https://www.facebook.com/businessupside https://www.youtube.com/channel/UCuSkeS5oU- B2tRIBDYntmaw https://twitter.com/BusinessUpside1

More Related