Author: TechBrunch

Nobitex, Iran's largest crypto exchange, said it was hacked on Wednesday and funds were released from its hot wallet. In a statement on the website translated by TechCrunch, Nobitex said it had detected unauthorized access to infrastructure and hot wallets. The company is investigating the incident and said its website and app will not be available in the near future. Public records show that hackers stole at least $90 million in company assets in multiple transactions. Blockchain analytics firm Elliptic has “burned” the stolen funds by sending the code into an inaccessible wallet and effectively stealing money from circulation. According…

Grifin, an investment app that simplifies investments by automatically purchasing stocks with brands that users shop regularly, announced on Wednesday it had secured a $11 million Series A funding round and increased its funding to about $22 million. In addition to the announcement, Grifin revealed it has exceeded 500,000 registered users. This shows that the approach to investment resonates with many users. Grifin also claims to have around 1 million app downloads and 100,000 monthly active users. The company refused to share the rating. Investment and user growth marks important milestones for Griffin, reflecting investors' trust in the company's business…

Grifin, an investment app that simplifies investments by automatically purchasing stocks with brands that users shop regularly, announced on Wednesday it had secured a $101 million Series A funding round, bringing its funding to about $22 million. In addition to the announcement, Grifin revealed it has exceeded 500,000 registered users. This shows that the approach to investment resonates with many users. Grifin also claims to have around 1 million app downloads and 100,000 monthly active users. The company refused to share the rating. Investment and user growth marks important milestones for Griffin, reflecting investors' trust in the company's business model…

The tech layoff wave is still kicking in 2025. Last year saw more than 150,000 job cuts across 549 companies, according to independent layoffs tracker Layoffs.fyi. So far this year, more than 22,000 workers have been the victim of reductions across the tech industry, with a staggering 16,084 cuts taking place in February alone. We’re tracking layoffs in the tech industry in 2025 so you can see the trajectory of the cutbacks and understand the impact on innovation across all types of companies. As businesses continue to embrace AI and automation, this tracker serves as a reminder of the human…

In this episode of Strictly VC Download, TechCrunch Editor-in-Chief Connie Loizos and StrictlyVC's Alex Gove sit down with Charles Hudson, founder and managing partner of Precursor Ventures, to discuss the fundamental shifts restructuring early-stage venture capital. Charles opens up about the challenge of raising a fifth fund of $66 million in the challenging financing environment of 2024. There, LPS is increasingly working with a longer liquidity timeline for seed stage investments. They also address how Precursor systematically explores secondary liquidity strategies, including an attractive analysis of what happens when the precursor sells all positions in the Series A, B, or…

Tumblr is the latest tech company working on automated flags and takedowns. Recently, Tumblr users have complained that their content is flagged as “mature.” This issue reduced the visibility of users' posts as many people on the platform configured their settings to hide mature content by default. According to numerous posts from affected Tumblr users, despite not being sexual or violent, the posts were accidentally flagged, and these false takedowns include everything from cat gifs to fandom content, art, and even hand photos. Some suspect that AI-based automation could condemn the issue. Similar accusations have been wreaking havoc on other…

T-Minus for 6 days until all stage ticket prices rise. From now until June 22nd at 11:59pm, founders will save $210, while investors will save $200 on a pass. Are you ready to push your startup to the next level? Or are you an investor supporting your next big breakthrough? It was built for traction and breakout growth by participating in TC All Stage at the Sowa Power Plant in Boston on July 15th. It gives startups a competitive edge. Secure your pass now and save up to $210. Why do you participate in TC at all stages? From early…

Facebook announced Tuesday that all videos on the platform will soon be shared as reels, regardless of their length or orientation. Until now, users have been able to share both video posts and reels. The company has also renamed the “Video” tab on the platform to the “Reel” tab. This update won't change the video recommended for you, Facebook says. Over the next few months, users will not need to choose to upload videos or reels. This is because it is automatically shared as a reel. Additionally, Facebook reels are not bound by length or format restrictions. (Currently, Facebook reels…

Israeli hacktivist group predatory Sparrow claimed he hacked and defeated Iranian bank Sepa on Tuesday. The group, also known as the Persian name Gonjeshke Darande, argued for the responsibility of the X's hack. “Gonjeshke Darande” carried out a cyberattack that destroyed data from the Islamic Revolutionary Security Force “Bank Sepa,” the group wrote. The group claimed that Sepa Bank is an agency that “averts international sanctions and uses Iranian money people to fund the regime's terrorist proxies, ballistic missile programs and military nuclear programs. Do you have more information about predatory sparrows? Or other hacking groups operating in Israel and…

Israeli hacktivist group predatory Sparrow claimed he hacked and defeated Iranian bank Sepa on Tuesday. The group, also known as the Persian name Gonjeshke Darande, argued for the responsibility of the X's hack. “Gonjeshke Darande” carried out a cyberattack that destroyed data from the Islamic Revolutionary Security Force “Bank Sepa,” the group wrote. The group claimed that Sepa Bank is an agency that “averts international sanctions and uses Iranian money people to fund the regime's terrorist proxies, ballistic missile programs and military nuclear programs. Do you have more information about predatory sparrows? Or other hacking groups operating in Israel and…