Trump Terminates Chevron’s Oil Export Permit, Straining Venezuela’s Economy
President Trump has ended Chevron’s permit to export Venezuelan oil, cutting a vital financial support for Venezuela. In a separate incident, the FBI linked a North Korean hacker group to a major cryptocurrency theft involving 400,000 Ethereum tokens from Bybit, showcasing significant cybersecurity challenges.
President Donald Trump announced the termination of a permit that allowed Chevron Corp. to extract and export Venezuelan oil. This action ceases a significant financial support system for Venezuela, exacerbating the country’s ongoing economic crisis. The decision reflects the administration’s continued efforts to exert pressure on the Venezuelan government under President Nicolás Maduro, which the U.S. has accused of undermining democracy and perpetrating human rights abuses.
In a related development, the FBI has implicated a North Korean hacking group in what is being termed the largest cryptocurrency heist in history. The hackers are believed to be responsible for the theft of 400,000 Ethereum tokens from the cryptocurrency exchange Bybit on the previous Friday. These incidents highlight ongoing global security challenges and the increasing volatility surrounding both oil exports and the cryptocurrency market, with both events emphasizing the need for robust cybersecurity measures.
In summary, President Trump’s recent decision to revoke Chevron’s oil export permit signifies a crucial economic blow to Venezuela, amplifying the country’s existing financial struggles. Concurrently, the FBI’s revelation about the North Korean hackers underscores the growing complexities of digital security and financial crime, indicating the need for international vigilance in these domains.
Original Source: www.france24.com
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