Hacking group penetrates 130+ organizations, captures credentials for nearly 10K workers – TechCrunch

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Hello, you sparkling souls!

Thursday is upon us once again. Have you ever noticed how Thursday keeps coming with alarming regularity? It seems like about once per week, but that’s anecdotal. More research may be needed. Our incredible team of writers has tons of great news and analysis available for you today.

Less chatter, more news. let’s do this. , Christine And hodges

TechCrunch Top 3

  • more for the story, Carly This is following this month’s Twilio breach where the credentials of about 125 customers and companies were affected. Well, the hackers went uncontrollable and now it looks like according to their new story, around 10,000 employees were compromised.
  • gain your knowledgeAlchemy: Alchemy, a cryptocurrency developer platform, made its first acquisition in Chainshot, a bootstrapped education startup running a coding bootcamp for aspiring Web3 developers. Anita has more.
  • web3 knitting threads: as ingrid Note, “there’s a lot of hype around web3”, but building platforms within the space is still relatively new. Which makes the third web banking in Series A fund $24 million which is a little bit exciting. The startup, now with a valuation of $160 million, is building a toolkit for easy development of Web3 products and has garnered some big-name attention in just nine months.

Startups and VCs

hodgesThe Pitch Deck teardown series continues, this time looking at the deck that helped Simba Chain raise his $20 million Series A. It’s available on TechCrunch+, which is our subscription product, but guess what – we were able to pass that on to our subscription team. Discounts to Daily Crunch readers! Use promo code “DC” to get 15% off your annual subscription.

This week, we did a fascinating TechCrunch Live with Benchmarks and Benchmarks team, where the team discussed why it’s important to build a moat around your early customers. The recordings are now available, and it’s worth watching or listening to; We learned a bunch!

Some more startup highlights:

In a Down Market, Good Messaging Isn’t Enough to Manage International Teams

image credit: microman6 (Opens in a new window) / Getty Images

Talent is distributed around the world, which means startups that don’t respect cultural differences are setting themselves up for failure.

According to John S Kim, CEO of Sendbird, now that many startups are in cost-cutting mode, it is important to follow local laws and social norms when laying off employees.

After exiting two startups with international teams, he has written a TC+ guest post to help founders communicate with workers during turbulent times.

“Not only does a company have a responsibility to inform employees about what is happening, they must do it in a way that best resonates with their respective audience.”

(TechCrunch+ is our membership program that helps founders and startup teams grow. You can sign up here,

Big Tech Inc.

At a time when India’s central bank is cracking down on predatory practices, Google says it has removed more than 2,000 personal loan apps from its Play Store in the country this year, jagmeet writes. He pointed out that the apps in question were doing things like charging high fees, “pushing ethical boundaries,” and in some cases, “firms are even using the lending business to launder money for Chinese companies,” They told.

In Instagram land, the social media giant is now enabling users to post, reel and share locations through the use of QR codes, Ivan Report. Seems a lot easier than some of the other methods, including copying the post link, going to another app, pasting there and then posting, amirite? In addition, Instagram now has a restrictive content default for new users under the age of 16 and a prompt for existing teens, Sarah writes.

Daily Crunch: Hacking group penetrates 130+ organizations, captures credentials for nearly 10K workers

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