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Techmeme
March 8, 2025, 5:35 PM
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Top News

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
David Yaffe-Bellany / New York Times:
The White House hosted its first Crypto Summit, bringing together top crypto executives, including Coinbase CEO Brian Armstrong and Tyler and Cameron Winklevoss
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
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.

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From Mediagazer

Nancy Scola / Washingtonian:
A deep look at FCC Chairman Brendan Carr's moves favoring the Trump administration; former chair Tom Wheeler warns against the agency becoming a political tool

Lucia Moses / Business Insider:
WaPo opinion editor Adam O'Neal says he's stepping down after a year in the role; his hiring was part of a push to promote “personal liberties and free markets”

Matt Stout / The Boston Globe:
The Massachusetts Senate passes an amendment that would in many instances bar judges, grand juries, and others from forcing reporters to identify their sources

More News

CNN:
China plans a “state venture capital guidance fund”, expected to attract ~$138B over 20 years from local governments and private sector, to support AI and more

Earlier Picks

Sarah Perez / TechCrunch:
Signal's Meredith Whittaker says AI agents doing tasks on users' behalf pose security and privacy risks and refers to their use as “putting your brain in a jar”
Thomas Brewster / Forbes:
Unsealed court docs: US investigators believe hackers behind the 2022 LastPass breach stole $150M in XRP, now worth ~$700M, from one person in January 2024
Pete Schroeder / Reuters:
The US OCC says banks can engage in some crypto activities, rescinding prior guidance that told them they should clear such activities with regulators first
Bloomberg:
Sources: crypto exchange and custodian Gemini has filed confidentially for an IPO; the company is reportedly considering going public as soon as this year
Jody Godoy / Reuters:
Filings: the US DOJ drops a bid to force Google to sell its AI investments to boost search competition but still seeks a court order requiring it to sell Chrome
Aaron Holmes / The Information:
Source: Microsoft has completed training a family of models, codenamed MAI, and is experimenting with swapping out OpenAI's models in Copilot for the MAI models
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