Techmeme
February 22, 2025, 12:15 AM

Top News

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: TechCrunch, The Verge, The Block, PCMag, BleepingComputer, Associated Press, Agence France-Presse, ZyCrypto, CNBC, PYMNTS.com, DL News, 10x Market Updates, Yahoo Finance, Cryptopolitan, The Crypto Times, CoinGape, CryptoPotato, Bitcoin Insider, USA Insurance News …, TradingView, crypto.news, Finextra, The Record, Fortune, Watcher Guru, Financial Times, TheStreet, Forbes, Engadget, Hackread, Decrypt, NewsBTC, Blockchain News, Crypto Briefing, Forbes, TheStreet, Wall Street Journal, Bloomberg, The Block, Blockworks, SlashGear, The Coin Republic, Cointelegraph, Bitcoin Insider, Reuters, The Crypto Times, Coinpedia Fintech News, 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/technology, r/news, and Slashdot
RT Watson / The Block:
Arkham says ZachXBT submitted proof that North Korea's Lazarus Group is behind Bybit's $1.5B hack, which is the largest single theft in crypto history  —  - Arkham Intelligence said Lazarus Group hacked Bybit for over $1.5 billion, citing information provided by online sleuth ZachXBT.
Mark Gurman / Bloomberg:
Apple removes Advanced Data Protection for iCloud in the UK after the government ordered it to build a backdoor, something the company says it will never do  —  - Company removes Advanced Data Protection feature for UK users  — “We never will” build backdoor to user data, iPhone maker says
More: BBC, TechCrunch, The Verge, Washington Post, 9to5Mac, MacRumors, Tech Policy Press, PCMag, Reuters, Business Standard, Daring Fireball, Electronic Frontier Foundation, Financial Times, Six Colors, MacTrast, PhoneArena, Wall Street Journal, Android Headlines, SiliconANGLE, The Standard, mobilenewscwp.co.uk, The Indian Express, UPI, mjtsai.com, ZeroHedge News, Engadget, Breitbart, and Philip Elmer‑DeWitt
Jesse Pound / CNBC:
Muyao Shen / Bloomberg Tax:
Bloomberg:
NetEase CEO William Ding has cut hundreds of jobs, closed game studios, and reduced international investment as he refocuses on a smaller portfolio of titles  —  - Hundreds of staffers and about a dozen games have been cut  — Founder William Ding sets elevated expectations for results
Ricardo Brito / Reuters:
Brazilian Supreme Court Justice Alexandre de Moraes orders the immediate and full suspension of Rumble in the country due to noncompliance with court orders  —  Brazilian Supreme Court justice Alexandre de Moraes ordered U.S. video-sharing platform Rumble (RUM.O) immediate and full suspension …
Cade Metz / New York Times:
OpenAI says it found evidence of an AI-powered surveillance tool used by a Chinese security operation to identify anti-China posts on social media in the West  —  The company said a Chinese operation had built the tool to identify anti-Chinese posts on social media services in Western countries.
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.
Bloomberg:
Trump says Tim Cook told him that Apple “stopped two plants in Mexico” and will build products in the US instead, a move Apple hasn't publicly discussed  —  - President says tariff threat prompted move from planned plants  — Cook, Trump held private meeting Thursday at the White House
Reuters:
Sources: US negotiators pressing Ukraine for access to its minerals raised the possibility of cutting the country's access to Starlink if a deal is not reached  —  U.S. negotiators pressing Kyiv for access to Ukraine's critical minerals have raised the possibility of cutting the country's access …
Kyle Wiggers / TechCrunch:
Sakana AI walks back claims that its new AI CUDA Engineer can speed up AI training by up to 100x, after complaints about worse-than-average training performance  —  This week, Sakana AI, a Nvidia-backed startup that's raised hundreds of millions of dollars from VC firms, made a remarkable claim.
MacKenzie Sigalos / CNBC:
Block shares closed down 17.69% on February 21, their steepest drop since 2020, after Q4 earnings missed est. and guidance for 2025 failed to reassure investors  —  Block shares plunged 18% on Friday, their steepest drop since 2020, after the company reported fourth-quarter earnings …
The Information:
OpenAI told investors that it expects revenue to more than triple in 2025, from $3.7B to over $12.5B; one-third of the revenue growth would come from SoftBank  —  New forecasts from OpenAI show the beginning of a dramatic shift in its alliances from Microsoft, its biggest shareholder, to SoftBank, its newest benefactor.
More: TechCrunch, Healthcare Brew, and Seeking Alpha
Bluesky: @garymarcusX: @steph_palazzoloLinkedIn: Anissa G.Forums: Slashdot

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Earlier Picks

Ian Duncan / Washington Post:
Saritha Rai / Bloomberg:
Ryan Christoffel / 9to5Mac: