California Wildfires Devastate Homes And Impact Crypto Community

According to PANews, the Los Angeles home of Kevin Rose, founder of Moonbirds and PROOF, was completely destroyed in the recent California wildfires. Rose shared images of the devastation on social media, expressing his loss of everything. The wildfires have destroyed approximately 10,000 structures, resulted in at least 10 fatalities, and forced around 180,000 people to evacuate. Among those affected are celebrities like Mel Gibson and Paris Hilton, whose homes also suffered damage. The fires have posed a threat to several cryptocurrency companies and their employees, with some crypto enthusiasts losing funds due to the loss of wallets and credentials. Kevin Rose founded PROOF in 2021 and sold it to Yuga Labs last year. Previously, he suffered a loss of about $2 million in NFT collections due to a social engineering attack.