$613 Million In Crypto Stolen, What Next?

Varun Mittal, Global Emerging Markets FinTech Leader, EY

13-Aug-21 07:30

$613 Million In Crypto Stolen, What Next?

Pause
Embed

A few days ago, some hackers stole US$613 million worth of digital coins from Poly Network, and only returned US$260 million worth of tokens after less than 24 hours. So we ask Varun Mittal, Global Emerging Markets FinTech Leader of EY what are the impacts of this incident and will we be seeing more regulatory oversight on cryptocurrencies.

Image credit: Shutterstock.com

Produced by: Sim Wie Boon

Presented by: Roshan Kanesan, Noelle Lim, Shazana Mokhtar

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories: Business Analysis, Trends and Forecasts, Markets, Personal Finance, Investments, Financial Literacy, Young Finance, Technology, Tech, Politics, Social Issues, law & legal matters

Tags: cryptocurrency, digital coin, stolen, steal, regulatory, crackdown,

Today’s Shows

11:00 AM

Best of Enterprise

(REPEAT) Venon Tian, Group COO of ZUS Coffee, joins BFM Open For Business to decode the strategy behind the disruption in the F&B industry.

12:00 PM

Just For Kicks

(REPEAT) Love is not in the air, as Spurs and Forest said goodbye to their respective managers, Thomas Frank and Sean Dyche. We respond to the news and look ahead to the fourth round of the FA Cup!

1:00 PM

A Bit of Culture

(REPEAT) Azmyl Yunor and Ong Kar Jin join Kam Raslan on this episode of A Bit of Culture to talk about espionage, crafts and art, and lo-fi!

2:00 PM

Ringgit & Sense

(REPEAT) Dr Cheng, Feng Shui Master shares his thoughts on how the different zodiacs will do this year.

2:30 PM

The Property Show

(REPEAT) Dr. YM Cheng, Founder and Principal Consultant of ChineseZodiacFengshui.com, discusses Fengshui outlook for Commercial and Residential properties for the upcoming Year of the Horse.

3:00 PM

Best of The Bigger Picture

(REPEAT) Without aged care in place, family members - especially women - will sink under the burden of caregiving. We look at the social, economic and gender implications of the care economy.

4:00 PM

Best of Evening Edition

(REPEAT) This episode of Stories of KL explores the story of The Zhongshan Building, and the people and passions that keep it evolving in unexpected ways.

5:00 PM

BBC World Service

Prof. Amilra Prasanna De Silva talks to Jim Al-Khalili about his passion for engineering molecules and how his photochemical innovations have since crossed into computer science.

PROGRAMMES