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The Daily: Matter Labs cuts staff as ZKsync demand falls, SEC charges Galois Capital and more

Matter Labs lays off 16% of staff amid ZKsync demand drop; SEC charges Galois Capital; WazirX hacker transfers $6.5 million; Hypernative secures funding; Scottish court seizes bitcoin.

theblock.co • 03/09/2024 - 17:21 PM

The Daily: Matter Labs cuts staff as ZKsync demand falls, SEC charges Galois Capital and more

Matter Labs trimmed its workforce by 16% as demand for ZKsync Era continues to fall. The SEC charged and settled with the crypto-focused investment advisory firm Galois Capital over custody issues. The entity behind the WazirX hack moved $6.5 million in ether to the sanctioned crypto mixer Tornado Cash. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 03/09/2024 - 17:21 PM

The Daily: Matter Labs cuts staff as ZKsync demand falls, SEC charges Galois Capital and more

The Daily: Matter Labs cuts staff as ZKsync demand falls, SEC charges Galois Capital and more

Web3 security firm Hypernative raises $16 million in Series A funding

Web3 security firm Hypernative raises $16 million in Series A funding

Crypto criminals pivot from Ponzi schemes to 'pig butchering' scams: Chainalysis

Crypto losses to hacks and scams surpass $1.2 billion in 2024, despite dramatic August drop: Immunefi

Illicit crypto activity on-chain down nearly 20% since January: Chainalysis

Uniswap Labs announces $2.35 million auditing competition, the ‘largest in DeFi history’

WazirX to undo all trades following $230 million hack-related withdrawal freeze

Address tied to Nomad Bridge exploit transfers $35 million in ether to Tornado Cash: PeckShield

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