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Haun Ventures Throws Money at Chaos Labs Because Clearly Throwing Cash Solves All Problems and Blockchain Security Is Just Around the Corner of Being Actually Secure

HackRegulation/NegotiationRetail Investors 3 Linda Williams August 16, 2024

An illustration of a blockchain network being bombarded from all sides by chaotic elements such as tornados, lightning bolts, and waves crashing against it. The chaos is depicted as trying to break through the security measures represented by shields and barriers surrounding the blocks in the chain. In contrast, one part of the blockchain remains calm with peaceful clouds floating above its secure sections indicating a safe haven from the turmoil outside.

Here we go again – another bunch of crypto bros trying to make a buck off their “blockchain security” nonsense. Chaos Labs has somehow managed to convince Haun Ventures that securing blockchains is the way forward (spoiler alert: it’s not). They’re talking about $55 million in funding, which I’m sure will be used to further enrich some poor soul who thinks they can make a difference

Source: cointelegraph

Haun Ventures backs Chaos Labs with $55M Series A funding
https://cointelegraph.com/news/haun-ventures-chaos-labs-55m-seriesa-funding
Chaos Labs has closed a $55 million Series A funding round led by Haun Ventures, with participation from existing investors such as PayPal, Lightspeed, Galaxy Ventures and Wintermute. New investors backing the round also include F-Prime Capital, Slow Ventures and The Spartan Group.  The startup, based in New York City, is a cloud platform for securing blockchains. Among its clients are popular decentralized finance (DeFi) protocols, including Aave, GMX and […]

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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