Tagged: algo capital

Algorand’s Venture Arm, Algo Capital, Loses Millions in Crypto Wallet Security Breach

October 6, 2019 @ 8:08 am By Omar Faridi |

Algo Capital, the investment division of the US-based blockchain startup Algorand, reportedly lost around $1-2 million in Algorand (ALGO) tokens and Tether (USDT) stablecoins after the company CTO Pablo Yabo’s mobile phone was hacked. The security breach allowed hackers to access an Algo hot wallet… Read More

Read more in: Blockchain & Digital Assets, Asia, Global | Tagged algo, algo capital, algorand, fraud, hack, Pablo Yabo, theft, usdt

Algo Capital Completes $200 Million VC Fund Round

August 27, 2019 @ 2:52 pm By Samantha Hurst |

Algo Capital, a financial institution that is focused on accelerating access, adoption, and liquidity of the Algorand blockchain, announced on Tuesday the closing of its Algo VC Fund at $200 million. Founded in 2015, Algo Capital creates financial products that accelerate access, adoption and liquidity… Read More