A16z-backed crypto startup Doublespeed hit by major security breach
A significant security incident has emerged involving Doublespeed, an a16z-backed startup. According to reports from a hacker, the breach exposed a substantial infrastructure operation—allegedly a phone farm comprising approximately 1,100 devices.
The incident raises serious questions about the startup's security infrastructure and operational practices. Phone farms of this scale typically indicate advanced coordination mechanisms, often used in Web3 projects for various functions.
This breach highlights growing concerns within the industry about startup security protocols. As crypto initiatives scale rapidly, gaps in operational security infrastructure continue to surface, with real consequences for project integrity and user trust. The exposure of such extensive device networks underscores the need for stricter security audits and risk management practices in emerging Web3 ventures.
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MEVHunterLucky
· 12-22 18:20
Another project funded by a16z has encountered issues, this time with 1100 phones being exposed... What's going on? Are even phone farms not safe anymore?
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SadMoneyMeow
· 12-22 17:56
1100 mobile phone farms?? How outrageous must the operation be to be taken down by a Hacker all at once, even a16z's vision seems to be failing.
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Again with the phone farm and security vulnerabilities, do these Web3 projects really use "Decentralization" as an excuse to avoid security audits?
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Doublespeed has really broken defenses this time, it's 2024 and they are still using such low-level device protocols? If they don't worry, they will have to worry.
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1100 devices... imagine that hacked infrastructure, I feel embarrassed for them.
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To put it bluntly, the startup team is too young, they have money but their security awareness hasn't caught up, this is truly the "birthplace of scams."
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Why do I feel like all the projects a16z has invested in are recently crashing? Is it just my illusion?
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Security audit = cost? Do these people in Web3 really think they can make up for the trash infrastructure through "rapid iteration"?
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ChainDoctor
· 12-22 14:17
A farm with 1100 devices is exposed... That's why I never trust teams that are over-financed.
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a16z has also had failures, which shows that nothing is guaranteed.
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It's another phone farm; when will this trick stop?
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How many times has safety auditing been mentioned? No one takes it seriously.
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Doublespeed? Never heard of it, but the scale of this breach is indeed absurd.
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The infrastructure is so bloated that something will go wrong sooner or later; this is just the beginning.
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Over a thousand devices... how careless can they be about security?
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Compliance? What compliance is Web3 still playing with? It's all fragmented operations like this.
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Is being over-financed a sign of being a bull? They still got stripped bare by hackers.
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RetroHodler91
· 12-22 12:23
Exposure of a farm with 1100 devices? a16z really messed up this time.
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Another security issue... When will this Web3 circle calm down?
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The scale of this phone farm is not just a simple oversight... There must be something fishy behind it.
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Every day financing and boasting about being amazing, but the infrastructure is this bad? oof
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The name Doublespeed is ironic; the security aspect is a real double fail.
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Every time it's "We take security seriously," and then it just gets exposed... It's a cycle, brothers.
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The most heartbreaking part of this breach is that users have to pay the price.
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Are the projects a16z invested in like this too? This shows that tech due diligence is just for show.
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ApeWithNoChain
· 12-19 18:51
1100 devices phone farm? Is this guy planning to collectively raise monkeys haha
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Another a16z project, is all the money from this round of funding used to buy servers?
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Not cautious enough when doing Web3, this is just asking for trouble...
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The phone farm has been exposed, and the coordination mechanism behind it will also be revealed. Security is truly a luxury.
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I don't believe you at all. I wouldn't touch such a breached startup.
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1100 devices... Can't you have some audit awareness, everyone?
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I used to look forward to a16z projects, but now? Hehe
View OriginalReply0
NonFungibleDegen
· 12-19 18:32
bro... 1,100 devices? that's not a phone farm that's literally a whole nation state operation. a16z probably nothing'd this one real hard lmao
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GasFeeCrying
· 12-19 18:28
1100 devices are directly exposed, a16z can't save this wave either...
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It's another phone farm and security vulnerability. These startup teams really don't take security seriously.
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To put it simply, they are focusing on rapid expansion and completely neglecting security. It's only a matter of time before they crash.
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It's already 2024 and they're still making such basic mistakes. How can they claim to be building the future of Web3...
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With this scale of device exposure, it’s terrifying to think about.
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It seems that even a16z's money can't buy security awareness. Truly unfortunate.
A16z-backed crypto startup Doublespeed hit by major security breach
A significant security incident has emerged involving Doublespeed, an a16z-backed startup. According to reports from a hacker, the breach exposed a substantial infrastructure operation—allegedly a phone farm comprising approximately 1,100 devices.
The incident raises serious questions about the startup's security infrastructure and operational practices. Phone farms of this scale typically indicate advanced coordination mechanisms, often used in Web3 projects for various functions.
This breach highlights growing concerns within the industry about startup security protocols. As crypto initiatives scale rapidly, gaps in operational security infrastructure continue to surface, with real consequences for project integrity and user trust. The exposure of such extensive device networks underscores the need for stricter security audits and risk management practices in emerging Web3 ventures.