💰 Hacker pulls off the biggest crypto heist of all time
Over $600M.. gone
Hey Waivly Crew! 🌊 Things are starting to look brighter for theatres, as starting in 2022 Warner Bros. movies will be exclusive to theatres for the first 45 days, and yes, someone really did steal over $600 million from Polygon Network.
AMC and Warner Bros. have agreed to make movies exclusive to theatres for 45 days in 2022
AMC and Warner Bros. have agreed on a new deal to have all of the studio's movies stay exclusive to theatres for 45 days instead of instantly being released to the box office and HBO Max the same day as theatres.
Seen this coming
In the past, Warner Bros. had a similar deal with Cineworld, the owner of Regal Cinemas, so it is not too surprising AMC and Warner Bros. have struck a deal. Next year DC movies like The Batman and The Flash will be the first DC films to debut exclusively to theatres, more than enough motivation for fans to head to their closest theatre.
Revival for theatres
During the pandemic, theatres got hit heavy to the point most people thought it was the end for them, so this new deal will be a perfect attempt to help theatres all over America recover from the past year.
What does AMC's CEO think?
Adam Aron, CEO of AMC, made the announcement earlier this week during a call, right after AMC released its second-earning earnings. “We’re especially pleased that Warners has decided to move away from day-and-date releases and commit to theatrical windows as well,” said Aron.
Norton and Avast announce $8 billion merger
NortonLifeLock, Norton's cybersecurity software company, and Avast, one of the most popular antivirus companies, are merging in a deal worth more than $8 billion to create the largest antivirus empire.
Worth over $8 billion
The deal includes NortonLifelock acquiring all of Avast's shares to create a much larger cybersecurity firm, allowing them to work on antivirus products that have features from Avast’s focus on privacy and NortonLifeLock's experience in identity.
A huge step for consumer cyber safety
In a statement, NortonLifeLock CEO Vincent Pilette commented on the merger, “With this combination, we can strengthen our cyber safety platform and make it available to more than 500 million users,” he went on to say, “This transaction is a huge step forward for consumer cyber safety and will ultimately enable us to achieve our vision to protect and empower people to live their digital lives safely.”
Someone has stole $600 million from crypto platform Polygon Network
On Tuesday, someone did one of the biggest cryptocurrency heists of all time, stealing over $600 million from Poly Network, a decentralized finance platform, and it seems like the hacker is regretting it already.
Largest crypto heist
The unknown hacker stole around $611 million in Ethereum, BNB, Dogecoin, Shiba Inu, and other digital currencies. After the attack, Poly Network tweeted a slightly odd message to the hackers, warning them how serious the crime is.
They're giving it back?
Somehow, it seems like Poly Network's message may have worked. After the hacker seen the message, they let Poly Network know they would return the $600 million and needed a way to send it back, to which Poly Network responded with an address that they could send the crypto. Starting at 3 pm BST on Wednesday, the hackers began returning the crypto.
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Amazon to pay customers up to $1,000 in damages caused by defective products
Amazon has recently announced that it will be implementing a new policy to directly pay Amazon customers up to $1,000 for any claims of property damage or even personal injuries that were caused by defective products.
When will the new policy begin to be in effect?
The new policy will begin to be in effect on September 1st and will be applied to all products that are sold through Amazon regardless of who the seller of the products is. Before Amazon's new policy, if customers wanted to file a property damage or personal injury claim, customers had to discuss and work with the sellers. This raised questions as to whether who is at fault for the defective product sold on the e-commerce platform.
What will the new policy do?
The policy will allow Amazon customer services to help facilitate claims of property damage and personal injury between the customer and the seller as well as the seller's insurance provider. With the new policy, the company will not be asking sellers for reimbursement for the $1,000 payouts but will keep the sellers informed at each step of the process. Amazon will also be announcing a new initiative for sellers called the Amazon Insurance Accelerator which will help sellers get product liability insurances which is a requirement to sell on Amazon.
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