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March 8, 2025, 7:05 PM
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| David Yaffe-Bellany / New York Times: |
Source: Bybit hackers planted malicious code to manipulate transactions by compromising a developer's computer at crypto wallet provider Safe, used by Bybit — On the night of Feb. 21, Ben Zhou, the chief executive of the cryptocurrency exchange Bybit, logged on to his computer to approve what appeared to be a routine transaction.| Wall Street Journal: |
After the ~$1.5B hack, Bybit borrowed about $280M in ether from crypto industry peers to help process 350,000 customer withdrawal requests over 10 hours — Bybit survived, thanks to emergency loans from its peers, but questions over crypto industry's security linger| Wall Street Journal: |
Sources detail how crypto flooded Trump with cash, including $50M+ in donations from at least eight execs, and how he is doing much of what the industry wants — The president had called cryptocurrency a ‘scam’ but during his campaign last year he was persuaded of its value, especially as an investment for the Trump family
More: Wall Street Journal and Fortune
| David Yaffe-Bellany / New York Times: |
More: Bitcoinist.com, CryptoNinjas, New York Magazine, Time, CryptoPotato, CoinGape, Reuters, Bitcoin Insider, Cryptopolitan, NBC News on YouTube, World News, NBC News, Townhall, Cointelegraph, Reuters, Coinpedia Fintech News, The Crypto Times, PYMNTS.com, Daily Mail, CoinDesk, The Hill, CNBC, Benzinga, and Agence France-Presse
| Fortune: |
Sources describe the collapse of fintech middleman Synapse that left ~$200M in customer money frozen, with entities blaming each other for shoddy recordkeeping — In 2022, after her family had a series of health scares, Kayla Morris sold her house. She cleared $280,000, representing 15 years of her life savings.
Forums: Slashdot
| Anthony Ha / TechCrunch: |
A US federal judge allows the Kadrey v. Meta case, in which authors allege Meta violated IP rights by using their books to train Llama models, to move forward — A federal judge is allowing an AI-related copyright lawsuit against Meta to move forward, although he dismissed part of the suit.
More: MLex, Bloomberg Law, and CourtListener
| Bloomberg: |
As Japan copes with a labor shortage, its market for service robots, which assist people with tasks like waiting tables, is expected to almost triple by 2030 — As Japan copes with a labor shortage, the service robot market is expected to triple in the next five years.| Todd Spangler / Variety: |
A look at YouTube's origins, growth, and domination as the platform turns 20, including an interview with CEO Neal Mohan, who is nearing 10 years at the company — It's a muggy morning the day before the 2025 Super Bowl in New Orleans, and YouTube CEO Neal Mohan is stuck in parade traffic and not happy about it.
More: Adweek. X: @eff, @simonowens, @nealmohan, @xpangler, @nealmohan, @seanseaevans, @egkeller, @variety, @xpangler, @brianros1, @ytadvertisers, and @piersmorgan
LinkedIn: Eric Barradas and Abhinav Rastogi
| Reuters: |
Sources detail the nearly 10-hour-long tech meltdown of the European Central Bank's main payment system on February 27 due to a piece of malfunctioning hardware — The European Central Bank's payments crash last week meant salaries and welfare funds were delayed for thousands of people.
LinkedIn: John O.
| Ingrid Lunden / TechCrunch: |
Crogl, whose AI agent helps cybersecurity researchers analyze daily network alerts to find and fix security incidents, raised a $25M Series A and a $5M seed — AI agents are marching across the world of IT, and on Thursday a startup called Crogl is debuting its contribution to the field …
More: SiliconANGLE and FinSMEs
X: @menloventures and @croglai
LinkedIn: David Dorsey, Tim Tully, Baris Aksoy, and Crogl, Inc.
| Wall Street Journal: |
Sources: activist investor Mantle Ridge has built a $1B+ stake in Cognizant and believes the tech services firm, which has a $41B+ market cap, is undervalued — The investor has been working behind the scenes at the tech-services firm and isn't currently planning to nominate directors
More: The Economic Times, Reuters, and Bloomberg
| Ashley Capoot / CNBC: |
Freed, which offers an AI scribe that automates clinical notetaking in real time and is used by 17K+ clinicians, raised a $30M Series A led by Sequoia Capital — For Erez Druk, who spent almost four years working at Facebook, building health-care startup Freed has been a labor of love, quite literally.
More: Built In San Francisco, Freed, Freed, citybiz, Tech Startups, HIT Consultant, and VC News Daily
| David Heaney / UploadVR: |
Meta will recommend using Unity and Unreal's built-in OpenXR support, after developers said Meta's Unity and Unreal integrations blocked other PC VR headsets — Meta will recommend that developers use the built-in OpenXR support of Unity and Unreal from next week. — What Is OpenXR?Sponsor Posts
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Hard Fork:
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