A massive $1.5B hack at Bybit cryptocurrency exchange marks a shift from smart contract vulnerabilities to operational security failures, attributed to North Korean state actors. The attackers compromised multiple signers' devices and manipulated wallet interfaces, highlighting the urgent need for enhanced operational security measures in the cryptocurrency industry.
Cryptocurrency exchange Bybit faced a significant security breach with $1.46 billion in suspicious outflows, marking potentially the largest crypto hack in history. The incident involved the transfer of 401,346 ETH and other staked ether variants to a new wallet, which is now liquidating assets on decentralized exchanges. CEO Ben Zhou confirmed the hack while assuring that other cold wallets remain secure and withdrawals are functioning normally.
An analysis of a retraction request from Anchorage Digital's CEO regarding an article about debanking in the crypto industry, examining the validity of claims and professional conduct in financial journalism. The piece defends its original analysis while highlighting the broader implications of bank-crypto relationships and regulatory compliance.
A widespread fraud scheme involving used Seagate hard drives being sold as new has been detected globally, with evidence pointing to their origin in Chinese Chia farming operations. The fraudsters reset SMART values on used drives with extensive runtime hours, though FARM values remain unmodified, affecting customers worldwide through various distribution channels including official dealers.
Tesla and Elon Musk are facing declining favorability among potential EV buyers, with a new study showing Tesla has the worst favorability ratings among EV brands. Musk's recent political positioning has particularly alienated Democrat-leaning consumers, who represent the primary EV-buying demographic, while his support base shows less interest in electric vehicles.
Bernie Sanders warns of America's shift towards oligarchy, authoritarianism, and kleptocracy under Trump's second term, highlighting the growing influence of billionaires Musk, Bezos, and Zuckerberg. The speech outlines concerning actions including unconstitutional funding suspensions, mass firings of oversight officials, and media intimidation, while proposing progressive solutions like universal healthcare and increased minimum wage.