Singapore-based cryptocurrency exchange Crypto.com enters South Korea via acquisitions 

Crypto.com cuts 20% jobs amid ‘unforeseeable’ industry events

Crypto exchange Crypto.com is cutting its global workforce by 20%, it said on Friday, as it navigates ongoing economic headwinds and “unforeseeable” industry events. This is the second major layoff at the Singapore-headquartered Crypto.com, which cut 250 jobs in mid-last year — though a report suggested that more than 2,000 people were either let go […]

Read more
This startup is building a web3-friendly app store for developers

This startup is building a web3-friendly app store for developers

Apple’s 30% tech tax on developers has not just antagonized consumer tech giants like Epic Games and Spotify but is also turning web3 startups against it. Major NFT marketplaces OpenSea and Magic Eden noticeably only let users browse listings on their iPhone apps without enabling trading to avoid the steep fees. But doing so bars […]

Read more
Crypto, where the fallen seek a fresh start

Crypto, where the fallen seek a fresh start

Welcome back to Chain Reaction. Last week, we talked about privacy in crypto and how it’s sometimes at odds with regulation. This week, we’re covering a larger-than-life founder who is perhaps seeking redemption through web3. If someone forwarded you this message, you can subscribe on TechCrunch’s newsletter page. there’s always a crypto angle A weekly […]

Read more
Do Kwon’s Terra trauma and drama lives to see another day

Do Kwon’s Terra trauma and drama lives to see another day

There are some events in your life that you look back on and think to yourself, ‘Wow, that was a really tough time.’ We all have memories like that and I think the crypto community definitely shares one (or more) of those experiences together. For example, the Terra/LUNA collapse back in May. So when Terraform […]

Read more
Singapore-based cryptocurrency exchange Crypto.com enters South Korea via acquisitions 

Singapore-based cryptocurrency exchange Crypto.com enters South Korea via acquisitions 

Singapore-based cryptocurrency platform Crypto.com has acquired two startups in South Korea — payment service provider PnLink and virtual asset provider OK-BIT — for an undisclosed amount, Crypto.com said.  The company also said Monday it has secured registrations under South Korea’s electronic financial transaction act and as a virtual asset service provider. “We are committed to […]

Read more
Singapore-based cryptocurrency exchange Crypto.com enters South Korea via acquisitions 

2FA compromise led to $34M Crypto.com hack

Crypto.com shared new details about a recent hack on its platform last weekend in a statement on its website today, saying 483 of its users were affected and that unauthorized withdrawals of over $15 million worth of ETH, $19 million worth of BTC and $66,200 in “other currencies” occurred. The total losses, worth over $34 […]

Read more
Crypto.com CEO admits hundreds of customer accounts were hacked

Crypto.com CEO admits hundreds of customer accounts were hacked

Crypto.com CEO Kris Marszalek said around 400 customer accounts have been compromised in a hack in an interview with Bloomberg TV on Wednesday. His confirmation of the breach comes after multiple Crypto.com users alleged their funds had been stolen — complaints that had until now been met with vague responses from the company.  While Marszalek […]

Read more