Crypto.com has been targeted in an attack that left $33M worth of cryptoassets drained from the platform over the weekend. Assets stolen include $15M in ETH, $19M in BTC and $66K in other cryptoassets. The attack reportedly exploited Crypto.com’s two factor authentication mechanism.
Cryptoasset IRA provider iTrustCapital has raised $125M in a Series A round closed this week. The round was led by Left Lane Capital. iTrustCapital currently offers exposure to 25 cryptoassets, as well as gold and silver.
NFT issuance platform Autograph has raised $170M in a funding round closed this week. The round was co-led by Andreessen Horowitz and Kleiner Perkins. The project was launched last year by NFL quarterback Tom Brady.
TP ICAP, the world’s largest inter-dealer broker, has launched cryptoasset exchange-traded products. Its first cryptoasset transaction was executed on behalf of Goldman Sachs this week. The product traded was ETC Group Physical Bitcoin, a physically-backed equity instrument.
Swiss cryptoasset bank SEBA has raised $120M in a Series C round closed this week. The round was co-led by DeFi Technologies and a consortium of comprised of Altive, Ordway Selections, and Summer Capital. Recently, SEBA was whitelisted by Fireblocks on Aave Arc.
Serum’s community-led foundation has raised $100M in a private token sale round. Several tokens associated with Serum, including SOL and SRM, were offered to investors at a discount. The round was led by Tiger Global, with participation from Commonwealth Asset Management and Tagus Capital.
DeFi project Aave has launched Aave Arc, a permissioned version of its decentralized lending protocol intended specifically for use by institutional investors. Fireblocks is the first registered whitelister on the platform and is responsible for KYC procedure and the granting of access to applicants. Thus far, Fireblocks has whitelisted 30 institutions for Aave Arc.
Decentralized video transcoding network Livepeer has raised $20M in a Series B round closed this week. The round was led by Digital Currency Group, with participation from Northzone, Coinbase Ventures, and CoinFund. The project has raised a total of $48M thus far.
NFT investment and production firm Metaversal has raised $50M in a funding round closed this week. The round was led by CoinFund and Foxhaven Asset Management with participation from Dapper Labs, Digital Currency Group, and Rarible.
Palm NFT Studio has raised $27M in a funding round closed this week. Palm NFT Studio, along with its associated Ethereum sidechain, Palm Network, was launched by ConsenSys. The round was led by Microsoft’s M12 venture fund, with participation from Warner Bros., Griffin Gaming Partners, RRE, Third Kind Venture Capital, Sfermion, the LAO, and SK...