$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) Vivek Ramachandran, Founder and CEO of SquareX, shares how the company is using its $20M Series A funding to tackle browser-based cyber threats, and why this focus could reshape the cybersecurity landscape.

12:00 PM

BBC World Service

This week on Science in Action - China's mission to bring back pieces of a mysterious asteroid that might be from our moon, new laser technology that can read text from over a kilometer away, and how ancient Incan string records could reveal climate secrets.

1:00 PM

A Bit of Culture

(REPEAT) It’s an “At The Movies” episode of A Bit of Culture as Kam, Mikey and Sudais talk about snacks at the cinemas, silent films and Tom Cruise!

2:00 PM

Ringgit & Sense

(REPEAT) Yuvarajan Periyan, Uno Adviser’s Sdn. Bhd. talks about things to consider when buying or renting a home.

2:30 PM

The Property Show

(REPEAT) Yap Zer Ken of Plush Services gives us the 101 on how to start a successful short-term rental space.

3:00 PM

Best of The Bigger Picture

(REPEAT) A researcher from India shares insights into how the state of Kerala is eradicating poverty.

4:00 PM

Best of Evening Edition

(REPEAT) What exactly makes kuih, kuih? And in an age of mass production, are we losing the heart of what makes kuih special? We unpack this with a seasoned cooking instructor.

5:00 PM

BBC World Service

This episode of The Inquiry looks at whether we have seen a breakthrough in preventing genetic diseases.

PROGRAMMES