Hacker attack on Binance: Half a billion dollars disappeared

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This year, thieves have already stolen over $1.9 billion worth of cryptocurrencies. Also: Rivian has to recall vehicles and Tesla is delivering the first semi trucks.

Cyber ​​security is becoming an increasingly important issue for companies.
Avishek Das/SOPA Images/LightRocket via Getty Images

Good morning! Even during the weekend, work in the digital scene continued in many places.

The top topics:

Binance, the world’s largest crypto exchange, was hacked. Up to 570 million US dollars were stolen last week. Originally it was said that around $100 million had disappeared. The crypto exchange had to temporarily suspend transactions and money transfers. However, activity on the affected blockchain resumed early Friday morning.

According to blockchain analytics firm Chainalysis, the incident is one of the biggest hacks of this year. However, he is not an isolated case: thieves have already stolen cryptocurrencies worth more than 1.9 billion dollars. [Mehr bei The Information, The Guardian und Wall Street Journal]

on Founder Scene: Write down the extension number for IT and show them the tea kitchen? That’s not all Onboarding. In fast-growing startups, sophisticated processes are needed to get new employees ready for action. An HR expert explains how proper onboarding works and everything that goes with it. [Mehr bei Gründerszene+]

And here are the other headlines of the night and the past few days:

Rivian had to recall 13,000 vehicles because a fastener in the steering “may not have been tightened sufficiently”. This is what CEO RJ Scaringe wrote in a message to customers of the company. The cost of the recall was described as “not significant” by a person familiar with the matter. Nevertheless, the recall is a setback for Rivian, which was already struggling with production problems and shortages of components. [Mehr bei Handelsblatt und Techcrunch]

Tesla will present its first semi trucks PepsiCo deliver. It’s been five years since Elon Musk showed prototypes and started taking down payments for the electric trucks. The automaker will hand over the Semis to PepsiCo on December 1, Musk tweeted. The food and beverage maker has said it has reserved 100 of the trucks and expects to have the first 15 operational by the end of the year. [Mehr bei Reuters]

Also has Tesla broke its sales record in China in September after upgrading its Shanghai plant. Last month, the electric car maker launched 83,135 Chinese-made vehicles. This is according to a report released on Sunday by the China Passenger Car Association (CPCA). The number is a new record for the Chinese Tesla plant, which started production in December 2019. [Mehr bei Handelsblatt]

AMD Shares in the California semiconductor group fell 13.9 percent on Friday after investors reacted to the company’s disappointing preliminary results for the third quarter. The chipmaker blamed a stronger-than-expected decline in the PC market and supply chain issues. AMD expects quarterly revenue of about $5.6 billion, more than $1 billion short of the $6.7 billion forecast. In addition to AMD also have Micron and Samsung warned of an unexpectedly poor course of business and thus caused an overall sell-off of semiconductor stocks on the stock exchange. [Mehr bei Handelsblatt, CNBC und CNBC]

Taiwan Semiconductor Manufacturing Co. (TSMC) was the only chipmaker to fall out of line. The world’s largest contract manufacturer of chips and Apples main supplier reported better-than-expected third-quarter sales despite the general slowdown in the chip industry. The Taiwanese company’s revenue rose 48 percent in the quarter, beating analysts’ expectations. [Mehr bei Bloomberg]

Ubers former security chief Joe Sullivan has been convicted for his handling of a data breach in 2016. This confirms long-held fears among Chief Information Security Officers that they may become “victim lambs” when cyberattacks occur. Sullivan has been accused of obstructing an active US Trade Commission investigation into security practices at Uber and concealing a data breach in 2016. This affected the personal data of 50 million passengers and drivers. [Mehr bei Axios]

Our reading tip on Gründerszene: Is this the last resort? The deal between Tado and the space of Josef Brunner failed after nine months. Now Brunner wants to take one of his holdings public. [Mehr bei Gründerszene]

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Have a good start into the week!

Your Gründerszene editors

Source: https://www.businessinsider.de/gruenderszene/business/hackerangriff-auf-binance/

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