Techmeme
February 22, 2025, 6:10 PM

Top News

Francisco Rodrigues / CoinDesk:
DefiLlama: Bybit experienced a “bank run” of over $4B after the ~$1.5B hack, leading to a ~$5.5B total outflow; CEO says “about 50%” of funds were withdrawn  —  Major cryptocurrency exchange Bybit has seen total outflows of over $5.5 billion after it suffered …
David Yaffe-Bellany / New York Times:
Even as Trump embraces crypto, attracting millions of new investors, the Bybit hack and memecoins show how crypto remains the wild West of the financial world  —  Hours after Coinbase said the S.E.C. was dropping a lawsuit against it, another major cryptocurrency exchange reported a potentially record-setting theft.
Bloomberg:
Crypto exchange Bybit says a hacker took control of one of its cold Ethereum wallets, resulting in what analysts estimate was the loss of ~$1.5B worth of tokens  —  - North Korean group Lazarus suspected by industry researchers  — Prices of Ether, Bitcoin and other tokens decline after theft
More: BBC, DL News, Decrypt, CoinDesk, The Trail of Bits Blog, The Block, Cryptopolitan, Inside Bitcoins, Blockchain.News, TechCrunch, PC Gamer, Sky News, Bitcoin Insider, Coinpedia Fintech News, crypto.news, The Coin Republic, NullTX, Security Boulevard, CoinGape, The Sun, Chainwire, Wired, Crypto Briefing, 10x Market Updates, Yahoo Finance, Türkiye Today, PCMag, The Hacker News, CNBC, The Block, CryptoNinjas, ZyCrypto, Agence France-Presse, BleepingComputer, The Verge, Tech in Asia, PYMNTS.com, Associated Press, Wall Street Journal, TheStreet, Forbes, TheStreet, TradingView, Cointelegraph, Forbes, CryptoPotato, Bitcoin Insider, USA Insurance News …, Hackread, NewsBTC, Engadget, Fortune, Blockworks, Watcher Guru, CryptoPotato, The Crypto Times, The Record, Financial Times, The Block, Bloomberg, Finextra, The Coin Republic, Decrypt, Blockchain News, Reuters, The Crypto Times, ZeroHedge News, Cryptopolitan, NFTgators, Bitcoinist.com, CoinJournal, Web3 is Going Just Great, Benzinga, CryptoSlate, DL News, crypto.news, Coinpedia Fintech News, The Block, CoinGape, Crypto Briefing, and CoinDesk
Forums: r/news, r/technology, and Slashdot
RT Watson / The Block:
Brian Krebs / Krebs on Security:
An investigation details how Chinese cybercrime groups are turning phished payment card data into new Apple or Google wallets for online and in-store use  —  Carding — the underground business of stealing, selling and swiping stolen payment card data — has long been the dominion of Russia-based hackers.
Davide Castelvecchi / Scientific American:
Some physicists are skeptical about Microsoft's claims of achieving a quantum computing breakthrough with Majorana 1, citing the lack of detailed evidence  —  With its ‘topological’ quantum computers, Microsoft aims to reach useful scales faster than competing technologies
Erin Griffith / New York Times:
Lucinda Shen / Axios:
Renaissance Capital: 12 of 40 fintech firms that went public in the US since 2020 have given positive investor returns; only Shift4 and AppLovin are profitable  —  All topics  —  Situational awareness: OpenAI co-founder Ilya Sutskever is raising over $1 billion for his startup Safe Superintelligence …
David Heaney / UploadVR:
Apple releases visionOS 2.4 developer beta, adding Apple Intelligence, a guest mode, a Spatial Gallery app, an iPhone app for remote installs, and more  —  visionOS 2.4 will bring Apple Intelligence to Vision Pro, a Spatial Gallery app, an iPhone app for remote installs, and a new iPhone/iPad-driven guest flow.

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More News

Ryan Christoffel / 9to5Mac:
Reuters:

Earlier Picks

Muyao Shen / Bloomberg Tax:
Reuters:
Cade Metz / New York Times:
Mark Gurman / Bloomberg:
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