Circle invested in 2 hacked crypto companies

08/05 02:34

This week’s nearly $200 million exploit of Nomad, the cross-chain bridge, and the $6 million drained from Slope Financial wallets have something in common: Both projects are backed by Circle Internet Financial’s venture-capital division. Circle, which invests in early-stage blockchain projects and companies, participated in the $8 million Series A for Slope Finance in February and the $22.4 million seed round for Nomad in April. Circle’s ties to Nomad and Slope didn’t cause any financial damage to the company, according to the spokesperson.
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