Crypto Exchange Bitmart Loses Around $200 Million In a Hot Wallet Compromise ⛔

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ROI Overload is a daily radio show/video podcast show focused on the latest in trending topics in business, tech, finance and startups hosted by Scott D. Clary (@scottdclary).

Available in audio (roioverload.sounder.fm) or video (youtube.com/c/scottdclary).

Welcome to Roy Overload, daily business, tech and finance news. I'm Scott declary. This is what's making newstoday. The CRYPTO EXCHANGE BITMART loses roughly two hundred million dollars in a hotwallet compromise. Pixel repair the phone leads to potential hacking. The New Yorkbased Internet startup massive raises eleven million dollars and spotify takes down a hundreds ofcomedians work. Let's jump right into it. So first story of the day.The crypto exchange bitmarch just lost two hundred million dollars in a wallet compromisehack. So first brought to notice by Peck Shield, a blockchain security anddata analytics company. The hack happened over the etherium and binance smart chain blockchains. The hackers stole in a sorted mix of more than twenty tokens thanincluded finance coin, safe, Moon BSC USD BNB, bpay baby, dogeflow key and Moonshot. Later confirmed by the exchange, the EO, SheldonSheldon Zia, the hack strategy was a...

...straightforward case of transfer out, swapand wash. Another wellknown crypto lending platform, Celsius, also reported a fifty milliondollar loss where the hackers compromise the centralized Finance Protocol Badger Dow. Itsuffered multiple exports of an authorized withdrawals of user funds. No news whether ornot there's authorities involved or what next ups will be just yet. It justjust happened. The Pixel repair leads to a potential hack. So Jane mcgonagall, a wellknown game designer and author, had sent her pixel five aid toGoogle for repair, to later discover that her device was hacked. As understoodby mcgonagall, someone had used the missing phone to clear to FA authentication checksand log into several of her google accounts, including dropbox, Gmail and Google drive. The hacking activities resulted in mcgonagall receiving several email security alerts to herbackup accounts. In an official media response, Google spokesperson Alex Morrissini has said thatthe company has been investigating the claim.

Similar incidents were reported in June thisyear when apple had to pay millions to a woman after a repair technicianposted her nude photos to facebook. And Start Up News in New York basedInternet start up massive raises eleven million dollars a point. Seventy two ventures ledthe round in collaboration with coin based ventures, crack and ventures, block tower capitaland coin shares adventures. The round also witness participation from multiple angel investors, including me. Precede funding round of one point five million. The totalfunds raised by massive stands at twelve point five million dollars total. Founded byJason Grat and Brian Kennes in two thousand and eighteen. Massive aims at allowingInternet users to pay for premium content by sharing their idle processing power. Thestartup has created an s DK allowing developers Tom Permit their visitors to share thespare computing power in exchange for premium features, content or services. The sharing ofidle processing power will also help massive generate revenue by mining cryptocurrency, hostingblockchain infrastructure and performing computing tasks. And...

...lastly, spotify takes down hundreds ofcomedians work. So the dispute took place over royalties and copyright. Among thecomedians whose work has been removed there are stars like Tiffany Haddish to Kevin Hart, John Milani and Jim Gaffagan. The aim of the COMEDIANS is to collectroyalties for underlying composition copyrights of spoken word media. Spoken giants, a GlobalRights Administration Company, is representing a bunch of high profile Comedians and negotiate termsfor allowing the comics to be paid when their work is paid on or streamedon, platforms like spotify, series ex in Pandora and Youtube. According toa statement made by spotify, the platform believes that it has already paid significantamounts of money for the content and question and would love to continue to doso. And in other news around the Internet, Google photos locked photo featurerolls out on Non Pixel phone. So the feature promises to keep away sensitivephotos from your main camera roll, so you can basically hide these photos ina locked photo album, Aka Vault on...

...your phone if they're a little bitmore sensitive in nature. anyways, that's it for today. Hope you enjoyit. To be found value in this. Share this with one other person thatcan go subscriber daily business, techn finance news. That news letter toRoy overloadcom have a great day. I'll see you tomorrow.

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