Hardware wallet startup Cypherock believes it has the solution to this potentially fraught scenario, and has raised seed funding to build it.

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Cypherock exclusively told Decrypt this week that it has raised $1 million in a seed round with investments from ConsenSys Mesh, Infinite Capital, Gnosis and its co-founder Stefan George, Polygon co-founder Sandeep Nailwal, Mahin Gupta, OrangeDAO, and others.

Cypherock exclusively told Decrypt this week that it has raised $1 million in a seed round with investments from ConsenSys Mesh, Infinite Capital, Gnosis and its co-founder Stefan George, Polygon co-founder Sandeep Nailwal, Mahin Gupta, OrangeDAO, and others.

Rohan Agarwal, co-founder and CEO of Cypherock, told Decrypt that the current approach to securing crypto wallets creates multiple opportunities for potential mishaps.

"You have to keep your wallet secure because they have been hacked before," he said. "And you have to keep your seed phrase secure, as well. So you now have two single points of failure that you have to keep secure."

The ongoing legal proceedings around former FTX CEO Sam Bankman-Fried (SBF) took a new turn as District Judge Ronnie Abrams withdrew her participation from the case. The United States District Court for the Southern District of New York recused itself from the FTX case after revealing that a law firm — which employs Abrams’ husband as a partner — had advised the crypto exchange in 2021.

In a Dec. 23 filing, Judge Abrams revealed that her husband, Greg Andres, is a partner at Davis Polk & Wardwell, a law firm where he has been employed since June 2019. Additionally, it was highlighted that the law firm had advised FTX in 2021.

Abrams also stated that the law firm represented parties that may be adverse to FTX and SBF in other legal proceedings. “My husband has had no involvement in any of these representations,” she clarified while stating that the matters are unknown to the District Court owing to confidentialit

**ZetaChain **is Layer 1 blockchain built using the Cosmos SDK. ZetaChain’s goal is to be omnichain dApps, which supports multiple networks (L1 blockchains like Ethereum and BSC and Layer 2 solutions like Arbitrum and Optimism).

In this testnet, you can earn ZETA Points by Swapping, Inviting new members, and Reporting issues. The following table shows how many points you can earn for each task.

Guide:

To pass this testnet we need a test Ethereum on the Goerli network
We can get it in one of these faucets:

https://faucet.goerli.mudit.blog/

https://goerlifaucet.com/

https://goerli-faucet.slock.it/

https://faucets.chain.link/goerli

https://faucet.polygon.technology/

https://app.mycrypto.com/faucet

Step 1:

Connect wallet and claim faucet

Head to labs.zetachain.com** **and accept the invitation.

Use this link to get 5000 points at once

When Twitter verification pop-up appears, click “Verify with Twitter”. Note that your Twitter account must be over 1 month old.

After that, we need to connect our wallet

When the wallet is connected properly, click “Request Assets” to claim Testnet ZETA.

**Step 2:**Making swaps in the “Swap” tab

Select any network from the list and then switch to it

and then swap it.

You will be awarded 7,000 points per week for one swap

In the event of any errors immediately report to **discord **, while indicating the number of your purse. For this you will receive additional bonus points

Pay special attention to completing the quests on Crew3, they can play a decisive role in the awarding of the testnet

Also, don’t forget to subscribe to their Twitter. The team says there will also be bonuses for this