COINDESK DAILY: Bybit Can Repay $1.5B Loans in a Year
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 4 March 2025
⏱️ 4 minutes
🧾️ Download transcript
Summary
Host Christine Lee breaks down the latest news in the crypto industry as lenders believe that Bybit will be able to pay back $1.5 billion in bridge loans within a year.
Crypto exchange Bybit will be able to pay back $1.5 billion in bridge loans within a year, according to an assessment by lenders who filled the gaping hole in funds stolen by North Korea’s Lazarus hacking group. CoinDesk's Christine Lee hosts "CoinDesk Daily."
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This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.
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Transcript
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| 0:00.0 | Risk assets like Bitcoin and turmoil as the global trade war escalates and can buy bit pay off loans from its record $1.5 billion hack within a year. |
| 0:09.7 | It's Tuesday, March 4th, 2025. I'm Christine Lee. This is Coiness Daily. |
| 0:19.5 | The trade war is in full swing again, sending headwinds to risk assets like crypto. |
| 0:24.6 | China announcing Tuesday a 15% tariff on US imports of wheat, corn, cotton, and chicken, |
| 0:30.6 | and an additional 10% tax on other meats, fruits and vegetables. |
| 0:34.6 | All set to take effect on March 10th. |
| 0:37.7 | The move comes after U.S. President Donald Trump on Monday doubled the tariff on imports from China |
| 0:42.4 | to 20%. The president also confirmed that 25% tariffs on goods from Mexico and Canada would |
| 0:48.9 | come into effect on Tuesday, leading to broad-based risk-off sentiment in stocks and cryptocurrencies. |
| 0:55.0 | Friends, Defi is having a moment. |
| 0:58.0 | Uniswap Labs' web app and wallet connect you to the excitement. |
| 1:02.0 | Swapping and bridging our simple, low-cost, and lightning fast across 13 chains, |
| 1:06.0 | including base, Arbitrum and Unichain, the new layer 2 network designed for defy. |
| 1:11.3 | Thanks to deep liquidity on uniswap protocols, you get minimal price impact on every trade, |
| 1:16.5 | now with even greater efficiency through Uniswap v4. |
| 1:20.1 | Swap, send, on-ramp, off-ramp, and bridge into a bright future. |
| 1:23.9 | Get started at uniswap.org. |
| 1:26.8 | Buy bit will be able to pay back $1.5 billion in bridge loans within a year. |
| 1:31.7 | That's according to an assessment by lenders who filled the gaping hole in funds stolen |
| 1:36.3 | by North Korea's Lazarus Group. |
| 1:38.7 | In an interview with CoinDisc, BiBit Head of Institutional and Derivatives, Shunyet Jan, |
| 1:43.2 | explains how industry players were able to |
... |
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