Not Investment Advice 204: $1.5bil Bybit Hack, Crypto Sell-off, Pig-Butchering Scams, Murdoch “Succession” Drama & Future of Local Media
Feb 26, 2025
The podcast dives into the shocking $1.5 billion hack of the Bybit exchange and its repercussions on the crypto market. It uncovers the chilling rise of 'pig butchering' scams that psychologically manipulate victims for financial gain. Discussions also touch on the chaotic state of Bitcoin trading and turbulent market predictions. Additionally, the hosts analyze the real-life drama of the Murdoch family, echoing themes from a popular TV show, and explore the evolving landscape of local media amidst trust issues.
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CZ's Bitcoin Prediction
- CZ, Binance founder, predicted Bitcoin's price drop from $100,000 to $85,000 in 2020.
- This was a notable prediction amidst recent market fluctuations and discussions of Bitcoin's future.
AI Gibberlink
- A viral video shows two AI agents switching from English to a more efficient, made-up language called Gibberlink.
- This sparked discussions about the future of AI communication and its potential implications.
Bybit Hack Significance
- The Bybit hack, the largest crypto hack ever, highlights vulnerabilities in exchanges.
- It emphasizes the importance of security measures in the crypto space.