A profile of London-based crypto trading firm Wintermute in the aftermath of UST and FTX’s implosion and a $160M hack, as revenues dramatically decline in 2022 (Jeff Kauflin/Forbes)

December 20, 2022

On-chain data: Wintermute, recently hacked for $160M, has $200M in outstanding DeFi debt, including a $92M Tether loan to TrueFi that matures on October 15 (Oliver Knight/CoinDesk)

Oliver Knight / CoinDesk:
On-chain data: Wintermute, recently hacked for $160M, has $200M in outstanding DeFi debt, including a $92M Tether loan to TrueFi that matures on October 15 — The firm’s CEO described the company as solvent following the $160 million hack. — Cryptocurrency market maker Wintermute …

September 20, 2022

Crypto market maker Wintermute says hackers stole $160M from its DeFi operations but the firm remains solvent; in total, 90 assets were stolen, most worth <$1M (Tim Copeland/The Block)

Tim Copeland / The Block:
Crypto market maker Wintermute says hackers stole $160M from its DeFi operations but the firm remains solvent; in total, 90 assets were stolen, most worth <$1M — – Crypto market making firm Wintermute has been hacked. — The firm maintains that it is solvent.

September 20, 2022

Sources: Stability AI, the startup behind Stable Diffusion, is in talks to raise $100M; Coatue proposed a $500M valuation and Lightspeed offered a $1B valuation (Kenrick Cai/Forbes)

Kenrick Cai / Forbes:
Sources: Stability AI, the startup behind Stable Diffusion, is in talks to raise $100M; Coatue proposed a $500M valuation and Lightspeed offered a $1B valuation — With the image generator Stable Diffusion, you can conjure within seconds a potrait of Beyoncé as if painted by Vincent van Gogh …

September 9, 2022

Sources: Apple, Samsung, and Xiaomi express concerns over India’s home-grown GPS plan, arguing integrating the system would be costly and require new hardware (Reuters)

Reuters:
Sources: Apple, Samsung, and Xiaomi express concerns over India’s home-grown GPS plan, arguing integrating the system would be costly and require new hardware — India is pushing tech giants to make smartphones compatible with its home-grown navigation system within months …

September 26, 2022

Runway, one of the two startups behind Stable Diffusion, raised a $50M Series C led by Felicis Ventures; sources: Runway’s valuation is $500M, and ARR is ~$1M (Kenrick Cai/Forbes)

Kenrick Cai / Forbes:
Runway, one of the two startups behind Stable Diffusion, raised a $50M Series C led by Felicis Ventures; sources: Runway’s valuation is $500M, and ARR is ~$1M — Runway ML, one of the two startups behind the popular AI text-to-image model Stable Diffusion, has raised new funding at a $500 million valuation, Forbes has learned.

December 6, 2022

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