LayerZero Labs, the team behind cross-chain messaging protocol LayerZero, has partnered with bug bounty and security services platform Immunefi to launch a $15 million bug bounty for its protocol, Bryan Pellegrino, co-founder and CEO of LayerZero, exclusively told TechCrunch. LayerZero and Immunefi launch largest crypto bug bounty program with up to $15M in rewards Many of the teams are looking at improving popular crypto sub-sectors, like the Bitcoin network, appchains, rollups-as-a-service, zero-knowledge proofs, proof-of-physical-work and real-time blockchain data, to name a few. The latest cohort makes for a good snapshot of what’s happening in the industry at large, Qiao Wang, a core contributor to Alliance DAO, said. Your first look at Alliance DAO’s latest cohort of web3 startupsĪlliance DAO, a web3 accelerator and builder community, had its most recent cohort, also known as ALL10, present their ideas on Wednesday during a demo day, exclusively covered by TechCrunch. Coinbase One was originally introduced in fall 2021 in beta, and will be available publicly today onwards in the U.S., United Kingdom, Germany and Ireland, the company exclusively told TechCrunch+. “If you want to use Ledger Recover, you’ll have to consent on your device for the backup or the recovery process.”Ĭoinbase launches subscription service with focus on European expansion (TC+)Ĭoinbase, the world’s second-largest crypto exchange, is launching its subscription service, Coinbase One, in 35 countries in a bid to retain users and grow its recurring revenue streams as the crypto economy struggles through a bearish market. On Thursday, the firm’s chief technical officer Charles Guillemet put out a tweet thread in an attempt to diffuse the fire. And they have reason to: Ledger leaked customers’ contact information in 2020. ![]() Not to mention some customers are wary of trusting the company (or any crypto company) with their information. Moreover, people are not happy that the service requires users who may otherwise want to be anonymous to share their identities through a KYC process. Ledger cannot and does not access users’ private keys.” Why? Well, a lot of people believe this service lets Ledger access customers’ private keys, which the company previously said it would never do.Ī Ledger spokesperson refuted that, saying, “Customers can create an encrypted backup of their private keys which is then sharded and encrypted further The private key can only be decrypted and reconstituted on a Ledger’s secure element chip, just as it is initially encrypted and fragmented there. And a lot of people don’t want anyone, including the company that sold them their cold crypto wallet, to know their private keys. Cold wallets are also supposed to be offline and fully self-custodied, compared to hot wallets, which are connected to the internet. I spent the evening educating myself, and now I'm in the "nvm it's fine" camp.Ĭrypto twitter is downright incensed by this. ![]() Yet I noticed the smartest people were not freaking out. Yesterday I freaked out about the revelation that could spit out your private key with a firmware update.
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