The hack of a popular crypto wallet is proving that it's not necessarily safer to hold your money in hardware. robin hood announced yesterday that they are cutting 23 % of their work force, and this is coming just three months after they caught nine% of their full time staff. The company is dependent on trading base revenues based on transaction fee revenue. And people are just not growing as fast as they would have thought.
Welcome back, this week Lucas and Anita welcome Jacquelyn Melinek as a new permanent co-host on Chain Reaction. They dove into the hot crypto topics of the week, including the $190 million draining of the Nomad bridge by both ‘black-hat’ and ‘white-hat’ hackers. They also discussed the widespread Solana wallet attack and a particularly deep round of layoffs at Robinhood.
You’ll notice something different about the show this week besides a new co-host -- we’re splitting up the news analysis and interview segment into different episodes! On Tuesdays you’ll hear us sit down with experts in the crypto space and on Thursdays, we’ll dive into the hottest web3 topics of the week. Catch us early next week for an interview with Uniswap COO MC Lader.
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