Duncan Riley
Latest from Duncan Riley
Chinese self-driving car technology startup Pony.ai reportedly has scrapped plans to go public in the U.S. as the Chinese government continues to crack down and regulate various sectors of the country’s economy. Reuters reported today that Pony.ai had planned to go public through …
Hacker behind $600M Poly Network cryptocurrency heist starts to return funds
In a strange turn of events, the hacker behind the theft of more than $600 million in cryptocurrency from cross-blockchain decentralized finance platform provider Poly Network has started to return some of the stolen funds. The hacker, who goes by the name …
FTC reportedly investigating Uber over Gopuff deal and Drizly acquisition
Uber Technologies Inc. is under investigation by the U.S. Federal Trade Commission for a partnership with food-delivery service Gopuff and its acquisition of alcohol delivery service Drizly, according to a report today by The Information. The investigation, said to have begun at the …
Hackers steal $600M in cryptocurrency from DeFi provider Poly Network
Cross-chain decentralized finance platform provider Poly Network has been hacked with more than $600 million in cryptocurrency stolen. The Poly Network provides a service that offers interoperability among multiple blockchains. It allows users to exchange digital assets such as cryptocurrency between various …
NortonLifeLock acquires Avast as McAfee reports solid earnings
Another busy day on the cybersecurity front: NortonLifeLock Inc. said late today it’s acquiring Avast plc, and McAfee Corp. beat analysts’ expectations in its second-quarter earnings. The acquisition of Avast PLC, formally referred to as a merger, was first reported in July. …
Coinbase shares flat despite beating estimates in its first post-IPO earnings
Shares in Coinbase Global Inc. remained somewhat flat in after-hours trading today despite the cryptocurrency exchange strongly beating estimates in its first earnings report after going public in April. For the quarter ended June 30, Coinbase reported revenue of $2.23 billion, up …
Enterprise security firm Tessian extends funding to $74M
Enterprise security firm Tessian Ltd. revealed today that it has extended funding from a previous round in May to $74 million to accelerate its mission of mitigating and preventing human risk in the enterprise. The additional funding comes from Okta Ventures, Citi Ventures, Sozo …
New Android malware targets Facebook users through social media hijacking
A newly discovered Android Trojan is believed to have more than 10,000 victims through social media hijacking, third-party app stores and sideloaded applications. Detailed today by researchers at Zimperium Inc.’s lab, the malware, dubbed “FlyTrap,” employs social engineering tricks to compromise Facebook accounts. …
TikTok owner ByteDance reportedly planning Hong Kong stock listing
Chinese company ByteDance Ltd., the owner of wildly successful social media app TikTok, is reportedly planning to go public in Hong Kong after shelving plans for an initial public offering in the U.S. earlier this year. The Financial Times, referencing people with knowledge …
Poloniex fined $10M by the SEC for operating an unregistered digital asset exchange
The U.S. Securities and Exchange Commission has fined cryptocurrency exchange Poloniex LLC $10 million to settle charges of operating an unregistered online digital asset exchange. The SEC’s order today found that Poloniex, owned by Circle Internet Financial Ltd. since 2018, ran a …