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February 23, 2025 | 11:03 pm
TEMPO.CO, Jakarta - Tempo English compiled the top 3 news on Sunday, February 23, 2025. Here are the highlights: Biggest Hack in Crypto History, Bybit Loses Nearly $1.4 Billion; BTN's Sustainable Finance Framework Receives Excellent Rating from Sustainable Fitch; South Korea Implements Electronic Arrival Card for Immigration Efficiency.
The following is the list of the top 3 news on Tempo English today:
1. Biggest Hack in Crypto History, Bybit Loses Nearly $1.4 Billion
Leading crypto exchange, Bybit, revealed that they have experienced a major hack resulting in the loss of digital assets worth approximately US$1.4 billion or around Rp 22.79 trillion (at an exchange rate of Rp16,279 per US dollar). Citing a report from Tech Crunch, this hack is considered the biggest crypto theft in the industry's history.
Bybit stated that a hacker successfully took over their Ethereum wallet and transferred around 401,000 ETH to an unknown address. "The Ethereum wallet is the only one that was attacked, and all other exchange wallets remain unaffected, with withdrawals proceeding as normal," said Bybit CEO Ben Zhou in a social media post on X, quoted on Sunday, February 23, 2025.
2. BTN's Sustainable Finance Framework Receives Excellent Rating from Sustainable Fitch
The Sustainable Finance Framework (SFF) issued by PT Bank Tabungan Negara (Persero) Tbk, or BTN, has been evaluated by Sustainable Fitch through a Second Party Opinion (SPO) on Friday, February 21, 2025. It received an “Excellent” rating or aligned with the principles of sustainable finance, according to a press release received by Tempo on Sunday, February 23, 2025.
BTN uses the SFF as a guideline in allocating funds to projects that directly benefit the society and the environment. According to Sustainable Fitch, the BTN-issued SFF has the potential to significantly improve the environment and the society, giving a clear and measurable positive impact.
3. South Korea Implements Electronic Arrival Card for Immigration Efficiency
South Korea will launch an electronic arrival card system for travelers on February 24, 2025. This policy will replace the traditional paper format for visa upon arrival. All foreign nationals must meet the requirements to obtain an electronic arrival card, except for registered residents of the Land of Ginseng, holders of valid Korea Electronic Travel Authorization, and flight crew.
Typically, at immigration, travelers have to hand in a paper to the officer, but now tourists can fill out this form online in advance. The system change aims to streamline the immigration process, making it smoother and more comfortable. In facilitating the transition, paper forms will still be available until the end of 2025, allowing visitors to choose between paper or electronic forms.
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