EPISODE · Mar 13, 2025 · 12 MIN
Historic Crypto Heist, SEC’s Memecoin Ruling, and Ethereum’s Pectra Delay
from Simply Crypto · host Simply Crypto from Qurrent
In today's episode, we delve into the largest cryptocurrency heist in history, with Bybit losing $1.5 billion to North Korean hackers. We also explore the SEC's new guidance on memecoins, clarifying their status outside federal securities laws. Plus, we discuss the anticipated Ethereum Pectra upgrade, which promises major improvements but faces delays due to technical challenges. Join us for these stories and more on Simply News. Sources: https://bolster.ai/blog/bybit-heist https://www.pymnts.com/cryptocurrency/2025/crypto-exchange-bybit-reports-hack-analysts-estimate-1-5-billion-loss/ https://economictimes.com/news/international/us/bybit-1-5-billion-stolen-heres-how-the-biggest-crypto-heist-took-place/articleshow/118763716.cms https://www.ndtv.com/world-news/1-5-billion-bybit-crypto-heist-north-korean-hackers-cash-out-300-million-7889970 https://www.chainalysis.com/blog/preventing-crypto-hacks-best-practices-for-exchanges-hexagate/ https://www.halborn.com/blog/post/how-the-bybit-hack-happened-and-how-to-prevent-the-next-one-with-seraph https://www.kaspersky.com/blog/bybit-hack-lessons-how-to-do-self-custody-properly/53155/ https://www.justice.gov/opa/pr/garantex-cryptocurrency-exchange-disrupted-international-operation https://www.ccn.com/education/crypto/how-lazarus-group-launders-stolen-crypto-bybit-heist/ https://thehackernews.com/2025/03/safewallet-confirms-north-korean.html https://www.fdd.org/analysis/policy_briefs/2025/03/07/north-korean-hackers-launder-1-5-billion-largest-crypto-heist-in-history/ https://www.scworld.com/perspective/the-bybit-hack-a-crypto-heist-with-cloud-security-lessons https://www.theclm.org/Magazine/articles/the-bybit-hack-and-the-rising-risks-of-cryptocurrency-theft/3216 https://www.pymnts.com/cryptocurrency/2025/okx-catches-crypto-regulators-eye-following-bybit-hack/ https://yellow.com/news/eu-regulators-threaten-okx-license-over-alleged-bybit-hack-ties https://cryptoslate.com/okx-denies-allegations-of-regulatory-investigation-and-role-in-laundering-stolen-funds/ https://www.mitrade.com/insights/news/live-news/article-3-692473-20250312 https://cointelegraph.com/news/eu-watchdogs-scrutinizing-okx-100m-bybit-laundered-funds https://news.shib.io/2025/03/12/okx-denies-eu-probe-amid-claims-of-bybit-hack-funds-laundering/ https://www.ainvest.com/news/okx-denies-eu-scrutiny-bybit-hack-accuses-rival-misinformation-2503/ https://www.cointribune.com/en/plot-twist-the-crypto-exchange-okx-denies-any-involvement-in-the-bybit-case/ https://www.pymnts.com/cryptocurrency/2025/okx-catches-crypto-regulators-eye-following-bybit-hack/ https://www.blockhead.co/2025/03/12/okx-slams-misleading-bloomberg-article-tying-it-to-bybit-hack-investigation-2/ https://cryptopotato.com/eu-regulators-probe-okxs-web3-role-in-bybit-crypto-laundering-case/ https://cryptonews.com/news/eu-regulators-investigate-okx-over-bybit-hack-money-laundering-claims/ https://www.binance.com/en/square/post/21418214032665 https://news.bitcoin.com/okx-refutes-reports-of-investigation-by-european-regulators-over-bybit-hack/ https://cryptorank.io/news/feed/cd4bb-eu-investigates-okx-role-lazarus-bybit-hack https://99bitcoins.com/news/eu-regulators-investigate-okx-over-alleged-role-in-bybit-hack-money-laundering/ https://markets.businessinsider.com/news/currencies/recent-sec-guidance-on-memecoins-suggests-broader-policy-change-1034461396 https://www.jdsupra.com/legalnews/meme-coins-collectibles-not-securities-8249475/ https://www.closeupsblog.com/2025/03/sec-staff-says-meme-coins-are-not-securities/ https://www.jdsupra.com/legalnews/sec-declares-meme-coins-are-not-8290317/ https://www.jdsupra.com/legalnews/sec-staff-says-meme-coins-are-not-2693248/ https://www.crowell.com/en/insights/client-alerts/sec-shifts-enforcement-focus-with-launch-of-cyber-and-emerging-technologies-unit https://www.moneylaunderingnews.com/2025/03/recent-developments-raise-significant-questions-about-the-future-of-regulation-and-enforcement-of-cryptocurrency/ https://www.coindesk.com/opinion/2025/03/12/the-sec-s-retreat-from-crypto-enforcement-may-invite-more-private-lawsuits https://www.mondaq.com/unitedstates/securities/1594188/implications-of-the-secs-stance-that-meme-coins-are-not-securities https://www.jdsupra.com/legalnews/sec-staff-clarifies-that-meme-coins-are-6814144/ https://www.grantthornton.com/insights/articles/advisory/2025/crypto-policy-outlook https://www.vitallaw.com/news/strategic-perspectives-securities-regulation-daily-s-top-10-developments-for-february-2025/sld01f76b3c670db64a24b0ea65da07bb424b https://www.crowellcryptodigest.com/2025/03/secs-corporate-finance-staff-issues-statement-that-meme-coins-are-not-securities/ https://www.paulhastings.com/insights/crypto-policy-tracker/new-industry-friendly-crypto-regulations-may-be-on-the-way https://www.ainvest.com/news/sec-clarifies-memecoins-securities-shifts-policy-180-2503/ https://www.mondaq.com/unitedstates/fin-tech/1595862/secs-corporate-finance-staff-issues-statement-that-meme-coins-are-not-securities https://www.tokenpost.com/news/regulation/14357 https://tax.thomsonreuters.com/news/sec-crypto-task-force-sets-first-roundtable-as-staff-declares-meme-coins-off-limits/ https://www.coindesk.com/opinion/2025/03/10/recent-sec-guidance-on-memecoins-suggests-broader-policy-change https://www.mondaq.com/unitedstates/financial-services/1595230/secs-division-of-corporation-finance-clarifies-stance-on-meme-coins https://charltonsquantum.com/quantum-updates-36-sec-dismisses-enforcement-action-coinbase-crypto-regulation/ https://www.sec.gov/about/crypto-task-force/crypto-task-force-meetings https://www.freewritings.law/2025/03/sec-announces-crypto-roundtables/ https://www.sec.gov/newsroom/press-releases/2025-51 https://www.crowdfundinsider.com/2025/03/237264-panelists-for-first-crypto-roundtable-at-sec/ https://tax.thomsonreuters.com/news/sec-crypto-task-force-sets-first-roundtable-as-staff-declares-meme-coins-off-limits/ https://www.ccn.com/news/crypto/sec-admin-solve-cryptos-security-debate-planned-roundtables/ https://www.cooley.com/events/2025/2025-03-21-spring-sprint-toward-crypto-clarity https://www.ainvest.com/news/blockchain-mentions-sec-filings-surge-100-leadership-2503/ https://www.bakerlaw.com/insights/teresa-goody-guillen-participates-in-inaugural-sec-crypto-task-force-roundtable/ https://www.sec.gov/newsroom/meetings-events/how-we-got-here-how-we-get-out-defining-security-status https://www.bakerlaw.com/insights/weekly-blockchain-blog-march-10-2025/ https://www.regcompliancewatch.com/first-sec-crypto-meeting-set/ https://www.lowenstein.com/news-insights/newsletters/crypto-brief-march-6-2025 https://www.binance.com/en-NG/square/post/21187594364810 https://cointelegraph.com/explained/ethereums-next-upgrade-prague-electra-pectra-explained https://www.bitget.com/news/detail/12560604623807 https://ainvest.com/news/ethereum-eth-rises-10-pectra-upgrade-announcement-2503/ https://www.chaincatcher.com/en/article/2172334 https://www.ptinews.com/press-release/ethereum-price-prediction-why-are-big-investors-betting-big-on-eth-and-rexas-finance-under-0-25-/2362865 https://figment.io/insights/pectra-upgrade-faq-general-overview/ https://blockchain.news/flashnews/pectra-upgrade-s-potential-impact-on-eth-a-historical-perspective https://nftevening.com/ethereum-pectra-upgrade/ https://www.cointribune.com/en/crypto-a-zero-transfer-blocks-the-pectra-update-of-ethereum/ https://www.ainvest.com/news/ethereum-foundation-delays-pectra-upgrade-due-technical-challenges-2503/ https://www.binance.com/en/square/post/03-06-2025-pectra-upgrade-may-positively-impact-eth-s-long-term-growth-21185236049121 https://www.coindesk.com/tech/2025/03/06/ethereum-developers-extend-pectra-test-window-following https://www.gate.io/blog/6358/ethereum-pectra-upgrade-is-imminent-can-it-drive-the-market-into-an-upward-trend https://learn.bybit.com/daily-bits/ethereum-testnet-holesky-finalizes-amid-pectra-upgrade-delay/ https://www.tokenpost.com/news/technology/14389 https://learn.bybit.com/crypto/ethereum-pectra-upgrade/ https://www.binance.com/en-ZA/square/post/03-06-2025-ethereum-news-ethereum-pectra-upgrade-key-features-market-impact-and-launch-timeline-21191301727801
What this episode covers
In today's episode, we delve into the largest cryptocurrency heist in history, with Bybit losing $1.5 billion to North Korean hackers. We also explore the SEC's new guidance on memecoins, clarifying their status outside federal securities laws. Plus, we discuss the anticipated Ethereum Pectra upgrade, which promises major improvements but faces delays due to technical challenges. Join us for these stories and more on Simply News.Sources:https://bolster.ai/blog/bybit-heisthttps://www.pymnts.com/cryptocurrency/2025/crypto-exchange-bybit-reports-hack-analysts-estimate-1-5-billion-loss/https://economictimes.com/news/international/us/bybit-1-5-billion-stolen-heres-how-the-biggest-crypto-heist-took-place/articleshow/118763716.cmshttps://www.ndtv.com/world-news/1-5-billion-bybit-crypto-heist-north-korean-hackers-cash-out-300-million-7889970https://www.chainalysis.com/blog/preventing-crypto-hacks-best-practices-for-exchanges-hexagate/https://www.halborn.com/blog/post/how-the-bybit-hack-happened-and-how-to-prevent-the-next-one-with-seraphhttps://www.kaspersky.com/blog/bybit-hack-lessons-how-to-do-self-custody-properly/53155/https://www.justice.gov/opa/pr/garantex-cryptocurrency-exchange-disrupted-international-operationhttps://www.ccn.com/education/crypto/how-lazarus-group-launders-stolen-crypto-bybit-heist/https://thehackernews.com/2025/03/safewallet-confirms-north-korean.htmlhttps://www.fdd.org/analysis/policy_briefs/2025/03/07/north-korean-hackers-launder-1-5-billion-largest-crypto-heist-in-history/https://www.scworld.com/perspective/the-bybit-hack-a-crypto-heist-with-cloud-security-lessonshttps://www.theclm.org/Magazine/articles/the-bybit-hack-and-the-rising-risks-of-cryptocurrency-theft/3216https://www.pymnts.com/cryptocurrency/2025/okx-catches-crypto-regulators-eye-following-bybit-hack/https://yellow.com/news/eu-regulators-threaten-okx-license-over-alleged-bybit-hack-tieshttps://cryptoslate.com/okx-denies-allegations-of-regulatory-investigation-and-role-in-laundering-stolen-funds/https://www.mitrade.com/insights/news/live-news/article-3-692473-20250312https://cointelegraph.com/news/eu-watchdogs-scrutinizing-okx-100m-bybit-laundered-fundshttps://news.shib.io/2025/03/12/okx-denies-eu-probe-amid-claims-of-bybit-hack-funds-laundering/https://www.ainvest.com/news/okx-denies-eu-scrutiny-bybit-hack-accuses-rival-misinformation-2503/https://www.cointribune.com/en/plot-twist-the-crypto-exchange-okx-denies-any-involvement-in-the-bybit-case/https://www.pymnts.com/cryptocurrency/2025/okx-catches-crypto-regulators-eye-following-bybit-hack/https://www.blockhead.co/2025/03/12/okx-slams-misleading-bloomberg-article-tying-it-to-bybit-hack-investigation-2/https://cryptopotato.com/eu-regulators-probe-okxs-web3-role-in-bybit-crypto-laundering-case/https://cryptonews.com/news/eu-regulators-investigate-okx-over-bybit-hack-money-laundering-claims/https://www.binance.com/en/square/post/21418214032665https://news.bitcoin.com/okx-refutes-reports-of-investigation-by-european-regulators-over-bybit-hack/https://cryptorank.io/news/feed/cd4bb-eu-investigates-okx-role-lazarus-bybit-hackhttps://99bitcoins.com/news/eu-regulators-investigate-okx-over-alleged-role-in-bybit-hack-money-laundering/https://markets.businessinsider.com/news/currencies/recent-sec-guidance-on-memecoins-suggests-broader-policy-change-1034461396https://www.jdsupra.com/legalnews/meme-coins-collectibles-not-securities-8249475/https://www.closeupsblog.com/2025/03/sec-staff-says-meme-coins-are-not-securities/https://www.jdsupra.com/legalnews/sec-declares-meme-coins-are-not-8290317/https://www.jdsupra.com/legalnews/sec-staff-says-meme-coins-are-not-2693248/https://www.crowell.com/en/insights/client-alerts/sec-shifts-enforcement-focus-with-launch-of-cyber-and-emerging-technologies-unithttps://www.moneylaunderingnews.com/2025/03/recent-developments-raise-significant-questions-about-the-future-of-regulation-and-enforcement-of-cryptocurrency/https://www.coindesk.com/opinion/2025/03/12/the
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Historic Crypto Heist, SEC’s Memecoin Ruling, and Ethereum’s Pectra Delay
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