Shakeeb Ahmed, a cybersecurity engineer convicted of stealing around $12 million in crypto, was sentenced on Friday to three years in prison.
In a press release, the U.S. Attorney for the Southern District of New York announced the sentence.
Ahmed was accused of hacking into two cryptocurrency exchanges, and stealing around $12 million in crypto, according to prosecutors.
While the name of one of his victims was never disclosed, Ahmed reportedly hacked into Crema Finance, a Solana-based crypto exchange, in early July 2022.
In the case of Nirvana Finance, the stolen funds “represented approximately all the funds possessed by Nirvana,” which led Nirvana Finance to shut down, according to the press release.
Read More3-Year Prison Sentence for Cryptocurrency Breaches: Security Engineer Found Guilty
There’s a big difference between a “solution” and a “product” slide.
The biggest problem with the Xpanceo deck isn’t what is in there, but rather what isn’t.
The market sizing fallacyWhen assessing the potential market size for Xpanceo’s contact lenses, it’s crucial to differentiate the nature of the product from traditional contact lenses.
The full pitch deckIf you want your own pitch deck teardown featured on TechCrunch, here’s more information.
Also, check out all our Pitch Deck Teardowns all collected in one handy place for you!
Read More“Breaking Down Xpanceo’s $40M Seed Pitch Deck: A Stellar Example”
Apple’s stance on the right to repair has now become more accommodative, with the company now supporting used parts for iPhone 15 repairs that can include the camera, display, and battery.
While Apple’s move is welcome to many, it does answer a series of questions: If your iPhone breaks, should you have the right to fix it?
If you want to fix your iPhone, should you be able to do that yourself, or be forced to go to the manufacturer?
And if you are going to fix your iPhone yourself — or pay a third-party to help — should you be able to use whatever parts will work?
Apple pushed back vocally against criticism of parts pairing, and has recently backed laws in several states that enshrine consumer repair options.
Read MoreCheck out Apple’s updated right to repair stance in light of their new iPhone policy
Streaming giant Roku has confirmed a second security incident in as many months, with hackers this time able to compromise more than half a million Roku user accounts.
In a statement Friday, the company said about 576,000 user accounts were accessed using a technique known as credential stuffing, where malicious hackers use usernames and passwords stolen from other data breaches and reuse the logins on other sites.
Roku said in fewer than 400 account breaches, the malicious hackers made fraudulent purchases of Roku hardware and streaming subscriptions using the payment data stored in those users’ accounts.
Two-factor authentication prevents credential stuffing attacks by adding an additional layer of security to online accounts.
By prompting a user to enter a time-sensitive code along with their username and password, malicious hackers cannot break into a user’s account with just a stolen password.
Read MoreSecond Security Breach Results in 576,000 Hacked Roku User Accounts
The fancy drip coffee maker has a $365 price tag to match.
The latest addition to its aficionado-forward lineup is the Aiden coffee machine, a sleek brewer taking a stab at transforming the at-home coffee experience.
Even my parents, who have Fellow products laid out on their counter, still use a basic coffee maker.
Aiden is designed for them.”The Aiden coffee maker promises precision and customization that rival professional setups, all from the comfort of one’s kitchen.
Aiden Precision Coffee Maker is today available for presale for $365 on FellowProducts.com, and the company says it will ship in September.
Read More“Step Out of the Ordinary: Discover the $365 Aiden Coffee Machine from Fellow”
For decades, building material companies have shredded old newspapers to create cellulose insulation.
But as newspapers have declined, the cellulose insulation industry has found itself in a bind, chasing after dwindling supplies of raw material.
People have increasingly turned to e-commerce, and the amount of cardboard boxes has crept steadily upward.
To date, CleanFiber has been able to produce enough insulation for about 20,000 single-family homes.
Plus, Strimling points out that more stringent building codes mean that new homes require more insulation than ever before.
Read MoreReinventing Insulation: CleanFiber’s Mission to Transform Millions of Tonnes of Cardboard Boxes
When it comes to news items that we love at TechCrunch, IPOs rank pretty darn high.
Another great newsy bit that comes along less frequently than we’d like is a startup buying another startup.
These deals are often very interesting as they either bring a gob of talent, or technology to an already growing company, potentially accelerating it.
So it was with joy that the Equity Podcast crew dug into Automattic buying Beeper for $125 million.
But certainly we are an ocean or two away from the heady days we saw back in 2021.
Read MoreAutomattic Gains Beeper, Observing Fintech’s Decline and YC’s Scarcity of Latin American Entrepreneurs
Conservative think tank The Heritage Foundation said on Friday that it experienced a cyberattack earlier this week.
A person with knowledge of the cyberattack told TechCrunch that efforts at Heritage were underway to remediate the cyberattack, but said that it wasn’t immediately known what, if any, data was taken.
Politico, which first reported the news of the cyberattack on Friday, cited a Heritage official as saying the organization “shut down its network to prevent any further malicious activity while we investigate the incident.”The news outlet quoted the Heritage official as saying that the cyberattack likely came from nation-state hackers, but did not provide evidence of the claim.
Founded in 1973, Heritage is based in Washington DC, and supports and lobbies on conservative issues.
Heritage was hit by a cyberattack in 2015 in which hackers stole internal emails and the personal information of its donors.
Read MoreCyberattack targets US think tank Heritage Foundation
TechCrunch Early Stage 2024 isn’t just another tech startup event — it’s the destination for early-stage startups to get hands-on, actionable insights to scale their business directly from expert leaders.
Here are five amazing reasons why you need to mark your calendar for April 25 and secure your spot at this groundbreaking event in Boston.
At TechCrunch Early Stage 2024, gain direct access to over 30 seasoned startup leaders and venture capitalists during speaker Q&A portions of sessions.
TechCrunch Early Stage 2024 offers a unique blend of learning, networking, and exploring for startup enthusiasts.
Whether you’re seeking expert advice, meaningful connections, or innovative solutions, this event has something for everyone.
Read More“Discover the Top 5 Benefits of Joining TC Early Stage 2024”
Currently, Exponent Energy has 60 charging stations in six cities: Delhi-NCR, Bengaluru, Chennai, Ahmedabad, Kolkata and Hyderabad.
Vinayak told TechCrunch that Exponent Energy’s charging stations offer 10x efficiency by charging 20 to 30 vehicles daily, whereas other EV charging stations typically charge two vehicles.
Similarly, setting up an Exponent charging station costs nearly $6,000 (500,000 Indian rupees), while a CNG station demands hundreds and thousands of dollars.
This has restricted the availability of CNG to around 60 stations in Bengaluru, while Exponent Energy already has 40 charging stations in the city, the executive said.
It is also looking to deploy its charging tech on electric buses in India later this year.
Read More“Revolutionizing Three-Wheeler Transportation: Exponent Energy’s Rapid 15-Minute Charging for India”
