Tuesday, February 25, 2025

Problems Afflicting the Crypto Industry


Milei, $Melania and Memecoins: Unraveling Argentina’s Crypto Fiasco

https://www.nytimes.com/2025/02/28/world/americas/argentina-crypto-scandal-president.html

A new cryptocurrency called $Libra bilked investors out of $250 million. It had been promoted by President Javier Milei.


How the Biggest Crypto Heist in History Went Down
https://www.nytimes.com/2025/03/06/technology/bybit-crypto-hack-north-korea.html
The cryptocurrency exchange Bybit lost $1.5 billion to North Korean hackers last month. It all traced back to an account on a free digital storage service.


North Korea plunders world’s crypto markets with biggest ever heist
https://www.telegraph.co.uk/business/2025/02/25/north-korea-plunders-worlds-crypto-markets-biggest-heist/
Rogue state’s coffers boosted by cyber attack on Dubai-based exchange Bybit.