TechCrunch Daily Crunch Bybit says it was hacked and lost $1.4 billion—with a 'B'
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Feb 22, 2025 A significant security breach at Bybit resulted in a staggering $1.4 billion loss, raising concerns about cryptocurrency safety. The discussion also highlights a report that suggests AI coding assistants might not be the ultimate solution, as they may compromise code quality and extend debugging time for developers. Additionally, insights into OpenAI's strategic shift for its data centers offer a glimpse into future tech developments.
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AI Coding Assistants' Impact on Code Quality
- AI coding assistants may hinder code quality despite boosting productivity.
- A GitClear report revealed a decline in code reuse, a key practice for reliable systems.
OpenAI's Future Computing Power Source
- OpenAI anticipates a shift in computing power reliance by 2030.
- They project SoftBank's Stargate project will provide 75% of their data center capacity.
Bybit's Record-Breaking Crypto Heist
- Bybit suffered the largest crypto theft, losing $1.4 billion worth of Ethereum.
- This surpasses the Ronin Network and Poly Network hacks, potentially making it the biggest theft ever.