Top 10 Crypto Ransomware Attacks Required $69M in BTC Payments, Chain Analysis Laid Off 5% of Staff, TeraWulf Launches Public Offering of Common Stock

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Get your daily, bite-sized roundup of cryptoasset and blockchain-related news – investigate the stories flying under the radar in today’s crypto news.
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Security News

• The top 10 crypto ransomware attacks since 2020 have netted $69,316,140 worth of Bitcoin (BTC), according to a new report by Bug Bounty and Security Services Platform immunofi. At the top of this list CNA Financial with the highest crypto ransomware payment of $40 million, accounting for 57.7% of the top 10. Among a number of other findings, Immunefi noted that researchers have discovered 8 specific ransomware strains associated with the top crypto ransomware payments and that the ransomware detected has its origins associated with Iran, Eastern Europe and Russia .

Career News

• Large blockchain analytics company chain analysis is laying off about 44 of its 900 employees, 4.8% of its workforce, Forbes reported. Maddie Kennedy, director of communications, confirmed that Chainalysis had announced a “reshuffle” of less than 5% of its workforce, saying some employees would be given new roles and reporting lines while others, primarily in sales, would be laid off.

investment news

• Owners and operators of bitcoin mining facilities TeraWulf announced that it is beginning a subscribed public offering of its common stock. According to the press release, TeraWulf also expects to grant the offering manager a 30-day option to purchase up to an additional 15% of the number of common shares being offered in the public offering. The company intends to use the net proceeds for general corporate purposes, it added. Jones Trading Institutional Services LLC acts as the sole book-running manager for the offering.
• Layer 1 blockchain Suitable has awarded a $50,000 grant to Lorenzo Alvisi, Professor of Computer Science at Tisch University Cornell Ann S. Bowers College of Computer and Information Science (Cornell Bowers CIS) to support Web3 innovation in higher education, according to a press release. In addition, Aptos has come on board University at Stanford Professor of Computer Science, Dr. Dan Boneh, as a consultant.

Legal news

• law firm Glancy Prongay & Murray LLP announced that it had launched an investigation on behalf of Argo Blockchain Investors “regarding possible violations by the company of the [US] federal securities laws,” the press release said.

payment messages

• Crypto payment gateway providers I’m sorry announced its integration today metis, an organization dedicated to building a decentralized Layer 2 infrastructure. According to an announcement, Banxa’s fiat-to-crypto on-and-off ramp will allow Metis’ user base to benefit from Banxa’s payment methods and banking options. With the integration, Metis users can now interact with the 49+ cryptocurrencies supported by Banxa, including BTC, ETH, SOL, DOT and BNB.
• payment company Airswift Technology Limited and providers of digital payment and banking technology platforms Cloud Payments have teamed up to provide donors with instant access to crypto at points of sale VISA and MasterCard payment methods. According to the press release, “the collaboration will simplify crypto-based purchases by providing crypto on-ramping and NFT purchases with VISA and MasterCard with optimized exchange rates.”

DeFi news

• Solana-based decentralized finance (DeFi) lending protocol. Everland Finance has shut down its app platform and decided not to continue its development. According to the team’s tweet right now, “Liquidity just isn’t there and it’s not just about Solana and the B/L market (on which Everlend is 100% dependent) continues to shrink. In these conditions it is a risk to push forward. And even though we had enough runway, we decided to stop now.”
• Zero; Foundation, endowmentthe developer of zero knowledge proof market Minutes revealed theirs zkLLVM, a way for projects to create fully Ethereum-compatible zkRollups by compiling existing code with popular programming languages ​​like C++ or Rust, according to an announcement. “This new way of building circuits for further evidence generation is faster, cheaper and no longer requires building custom zero-knowledge VMs or using new programming languages, making the ‘zkEVM race’ obsolete,” it said.
• Decentralized, blockchain-based ecosystem eCredits started eVault, a new feature that will allow eCredits users to earn rewards for locking their eCredits on the network for a year, the press release said. “eVault allows users to lock their eCredits (ECS) for a period of one year and receive a reward of two, three or even six percent of their transferred balance, depending on a subscription membership, via a secure smart contract,” it said .

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