This Week in Startups $625M Axie Infinity Ronin Bridge hack, $TWLO insider trading, Subject's learning platform, $HOOD extends trading hours | E1421
Mar 30, 2022
A staggering $625 million hack of Axie Infinity's Ronin Bridge raises security concerns in the crypto world. Allegations of insider trading at Twilio bring additional scrutiny to the industry. Robinhood extends trading hours, enhancing market competition. Meanwhile, the startup Subject is shaking up online education, offering high school courses for credit. Expert insights into these topics reveal the intricate balance of innovation, regulation, and the future of learning.
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Axie Infinity Hack
- Axie Infinity's Ronin blockchain, a private blockchain used for in-game economies, was hacked for over $600 million.
- This highlights the vulnerability of even seemingly secure systems in the Web3 space.
Web3 Security
- Building multiple layers of security is not enough to protect high-value assets in Web3.
- Robust safeguards and potentially regulations are necessary to ensure the safety of such valuable assets.
Avoid Insider Trading
- Avoid insider trading, even if it seems like a sure thing.
- The consequences, including career damage and legal penalties, outweigh the potential profits.