Tech Brew Ride Home Wed. 03/30 – The Axie Infinity Hack
Mar 30, 2022
A massive $625 million hack on Axie Infinity's Ronin Network raises serious questions about blockchain security. Meta's aggressive strategy against TikTok comes to light, while new Google Calendar features aim to simplify scheduling for users. The DOJ ramps up its investigation into Google's bundling practices, impacting competition. Additionally, the podcast highlights challenges for startups, including layoffs at GoPuff and struggles for Fast in the one-click checkout race.
AI Snips
Chapters
Transcript
Episode notes
Axie Infinity Hack
- Axie Infinity, a popular play-to-earn crypto game, suffered a major hack.
- Over $600 million was stolen from the Ronin Network, its supporting blockchain.
Blockchain Bridge Vulnerability
- Blockchain bridges, meant to connect different blockchains, are vulnerable to attacks.
- The Axie Infinity hack exposed the risks associated with these bridges.
Meta vs. TikTok
- Meta hired a Republican consulting firm, Targeted Victory, to run a negative PR campaign against TikTok.
- The campaign aimed to portray TikTok as a danger to children and society.