The cryptocurrency world was rocked by the news of one of the largest heists in its history: hackers stole a staggering $1.5 billion from the popular exchange Bybit. This incident, reported by NBC News, is a stark reminder of the vulnerabilities that still plague the crypto industry, despite its rapid growth and technological advancements. Let’s dive into what happened, what it means for the crypto ecosystem, and how users and exchanges can better protect themselves in the future. What Happened? Bybit, a leading cryptocurrency exchange known for its derivatives trading platform, fell victim to a sophisticated cyberattack. Hackers exploited vulnerabilities in the exchange’s security infrastructure, making off with $1.5 billion in digital assets. While the exact method of the attack hasn’t been fully disclosed, such breaches often involve phishing, social engineering, or exploiting software flaws. This heist is particularly alarming due to the sheer scale of the theft. It not only ...
Chinese and Hong Kong stocks were broadly higher on Monday as optimism around Artificial Intelligence (AI) startup DeepSeek continued to lift tech stocks, while better-than-expected inflation data buoyed sentiment.
The Shanghai Composite Index gained 0.3 per cent to 3,313.75 points by the midday break, adding to the 1.6 per cent advance in the previous week.
The blue-chip CSI 300 Index was little changed after fluctuating between gains and losses.
In Hong Kong, the Hang Seng Index jumped 1.4 per cent and the Hang Seng Tech Index rallied 1.8 per cent to a four-month high.
AI-related shares led gains on continued optimism around DeepSeek. Chipmaker Cambricon Technologies jumped 6.2 per cent and AI firm CloudWalk Technology surged to the 20 per cent daily trading limit, leading gains onshore.
ina's three largest telecom operators — China Mobile , China Unicom and China Telecom — gained 1.2 per cent to 5.9 per cent after saying they were working with DeepSeek's open source model to "promote inclusive application of the latest AI technology".
"Onshore market could keep this upward momentum until the Two Sessions in March despite the volatility, boosted by the launch of DeepSeek AI which has increased market confidence," analysts at China Securities said in a note.
Concerns about Concerns about Concerns about US-China trade tensions may also ease in the short term as investors increasingly view tariff threats as negotiation tactics, they said.
Meanwhile, worries about China's deflation eased after data released on Sunday showed consumer inflation accelerated to its fastest in five months in January thanks to the holiday spending.
Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.38 per cent while Japan's Nikkei index was up 0.05 per cent.
may also ease in the short term as investors increasingly view tariff threats as negotiation tactics, they said.
Meanwhile, worries about China's deflation eased after data released on Sunday showed consumer inflation accelerated to its fastest in five months in January thanks to the holiday spending.
Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.38 per cent while Japan's Nikkei index was up 0.05 per cent.
may also ease in the short term as investors increasingly view tariff threats as negotiation tactics, they said.
Meanwhile, worries about China's deflation eased after data released on Sunday showed consumer inflation accelerated to its fastest in five months in January thanks to the holiday spending.
Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.38 per cent while Japan's Nikkei index was up 0.05 per cent.
Comments
Post a Comment