[Post 290] How To Steal And Lose More Than $3 Billion In Bitcoin | CNBC Documentary

Summary

Twenty two year-old hacker Jimmy Zhong said he never meant to become a criminal billionaire. But that’s what happened in 2012 after he found a way to steal bitcoin from the Silk Road – a dark web exchange then known for some of the most unsavory trade on the internet – drugs, guns and porn. Over the next decade, the coins Zhong stole rocketed in value, ultimately reaching an eye-watering $3.36 billion.

Photos show Zhong on yachts, in front of airplanes, and at big time football games over the decade he confounded law enforcement officers trying to solve the theft. He even bought a weekend lake house to use as a party pad, and decorated it with a giant Trump flag and a stripper pole. But then, Zhong made a phone call that ruined his life.

In this documentary, CNBC’s Eamon Javers speaks exclusively with the IRS-CI, the agency that investigated this billion dollar crime as well as the people who knew Zhong during the decade he evaded law enforcement. Javers’ reporting also uncovers a long, digital trail that leads back to the earliest days of bitcoin and reveals a dark truth about the world of hackers and coders responsible for the creation of bitcoin.

[Post 289] Can Investing In Dividends Pay For Your Retirement? | Money Mind | Investment

Summary

Can you live off dividends in retirement? We look at the pros and cons. 

[Post 288] How To Use A CDP Account To Kickstart Your Investment Journey | Money Mind | Investing

Summary

Young investors looking to kick off their investment journey have many options to choose from on the Singapore stock market. So what do they need to start buying stocks and other securities? And why is having an account with the Central Depository a good starting point?

[Post 287] Who Are The People Behind Malware Scams? - Part 2/2 | Talking Point | Full Episode

Summary

After investigating how malware scams affect victims, host Steven Chia heads to Vietnam to find out who is behind these scams and how easy it is to create malware. He meets a notorious ex-hacker who digs further into an app embedded with malware that was making its rounds in Singapore. He also finds out how sophisticated scams are going to get, and what we can do to protect ourselves. 

[Post 286] How Do Scammers Take Over Your Phone And Steal Your Money? - Part 1/2 | Talking Point | Full Episode

Summary

Ever scroll through your social media and come across an advertisement for food or cleaning service? But an innocent ad could turn insidious when the seller asks you to download an app to place an order or booking. Since the start of this year, some 750 people have lost a combined total of over S$10 million to malware app scams. In this episode, host Steven Chia investigates how these scams work and attempts to bait a scammer himself.

[Post 285] Volatile US Bond Yields And Stocks: Cause For Worry Or A Good Opportunity? | Money Mind | Investment

Summary

How to look for opportunities amid the volatility in US treasuries.

[Post 284] No More Revenge Spending: How China's Gen Z Is Changing How They Shop | Money Mind | China Economy

Summary

2023 was meant to herald the return of the Chinese big spender. But the revenge spending hasn’t exactly panned out as expected. Instead, new consumption patterns are emerging in China’s post-COVID era.