Tech Brew Ride Home Thu. 07/18 – Crypto Exchange Hacks Are Back
Jul 18, 2024
Crypto exchange hacks are back, with a major breach linked to North Korea costing WazirX $230 million. Meta’s considering an investment in Ray-Ban technology, showcasing their continued push in the eyewear market. Meanwhile, tech companies face challenges with EU regulations on AI products. Controversies arise over Apple's AI training data practices, particularly the unauthorized use of YouTube content. Lastly, updates reveal that Cellebrite can now unlock specific iPhone models, but struggles with the latest iOS versions.
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WazirX Crypto Exchange Hack
- WazirX, an Indian crypto exchange, suffered a security breach resulting in over $230 million in withdrawals.
- The attack, potentially linked to North Korean hackers, targeted a multi-sig wallet and primarily involved Shiba Inu tokens.
Meta's Potential Investment in EssilorLuxottica
- Meta's potential investment in EssilorLuxottica suggests strong sales of their Ray-Ban Meta smart glasses.
- The newest version, allowing livestreaming and AI integration, has sold more in a few months than the previous version did in two years.
Meta's Reality Labs Spending Cuts
- Despite increasing AI spending, Meta's Reality Labs, responsible for AR/VR, faces spending cuts amidst skepticism about metaverse prospects.
- While new Quest headsets and AR glasses are planned, executives are exercising more financial restraint after significant losses.