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Cloud computing company Megaspeed responds to the Jensen Huang incident, hiring a U.S. law firm to review GPUs

In the Huang Renxun incident, the involved company Megaspeed International officially announced that it attaches great importance to complying with U.S. export control laws, stating that compliance is the company's top priority, and it is committed to constructive and transparent cooperation with the U.S. government.Megaspeed has cooperated with the U.S. Department of Commerce's Bureau of Industry and Security (BIS) inspections and is ready to fully cooperate with other relevant U.S. government agencies at any time. To further strengthen its compliance commitment, Megaspeed has hired a well-known U.S. law firm to lead a comprehensive inventory of the company's graphics processing units (GPUs) and independently verify the company's export control compliance practices. Megaspeed stated that it welcomes appropriate government oversight and will demonstrate through concrete actions that the company operates in a responsible and transparent manner while complying with applicable U.S. laws.Megaspeed is a cloud computing and data center company registered in Singapore and is an important customer of NVIDIA. The New York Times previously cited trade data reporting that from June 2024 to February 2026, Megaspeed's affiliated company in Malaysia procured advanced AI servers and other equipment, including NVIDIA chips and related products. Huang Le previously served as the CEO and chairman of the board of Megaspeed and is one of the main controllers; she has appeared alongside Huang Renxun multiple times at public business events.

NVIDIA's independent directors have hired a former prosecutor to investigate the incident involving Jensen Huang

On Sunday, the NVIDIA board announced an investigation and issued a statement on November 10 at 11 AM Eastern Time, confirming the hiring of former Acting U.S. Attorney for the Southern District of New York Joon H. Kim and his law firm Wachtell, Lipton, Rosen & Katz to conduct a comprehensive and independent investigation into matters related to CEO Jensen Huang. The board also stated that there is currently no reason to believe that the company's confidential information has been compromised, and Jensen Huang has expressed support for the investigation and committed to cooperating.Public information shows that Joon H. Kim served as the Acting U.S. Attorney for the Southern District of New York from 2017 to 2018, overseeing more than 220 assistant U.S. attorneys, with cases covering economic espionage, theft of trade secrets, sanctions violations, and cybercrime. In March 2021, he was appointed by New York Attorney General Letitia James to independently investigate the sexual harassment allegations against then-Governor Andrew Cuomo, and shortly after the investigation report was released, Cuomo resigned in August 2021. In December 2023, he was again appointed by the special review committee of the Board of the Federal Deposit Insurance Corporation to independently investigate allegations of harassment and discrimination within the agency.

Bloomberg: The Binance hacking incident has prompted reflection in the cryptocurrency industry, which may reintroduce trading delays and other Wall Street risk control mechanisms

According to Bloomberg, the Binance hacking incident is prompting the cryptocurrency industry to re-examine its long-held decentralized philosophy, as well as the transaction review, settlement delays, and fund intervention mechanisms in the traditional financial system.As the cryptocurrency industry seeks to enter the mainstream financial market in the United States, some institutional investors are beginning to reconsider Wall Street's financial risk control mechanisms. In traditional finance, banks, payment networks, and clearing institutions can review suspicious transactions during the fund transfer process and can suspend fund flows under certain circumstances.Third Eye CEO Tian Zeng stated that he hopes the settlement time can be shortened from the traditional financial T+1 day to T+1 hour, by appropriately extending the settlement time and increasing review steps, thereby reducing hackers' ability to quickly transfer funds.FalconX Co-Head of Markets Joshua Lim pointed out that as more institutions enter the cryptocurrency market, the client structure is changing, and some institutions are no longer willing to fully accept the risks associated with irreversible transactions. As the cryptocurrency industry further integrates with traditional finance, how to balance transaction efficiency, decentralization, and fund security will become a problem that the industry must face.

GitBook Security Incident Review: Attack Targeting Trade.xyz, SSO Vulnerability Leads to Production Environment Breach

GitBook released a security incident review on November 2, stating that attackers exploited a vulnerability in its single sign-on process to forge employee login sessions, allowing them to query improperly configured GitHub App authentication information within the organization, access internal code repositories, and obtain Cloudflare API keys, ultimately gaining full production environment permissions through service accounts.GitBook disabled the relevant internal service accounts to cut off the attack within hours, resulting in the platform being offline for approximately 16 hours, and fully restored on November 3 at 11:56 UTC. The attackers remained in the production environment for a total of about 3 hours and 25 minutes. GitBook has rotated all infrastructure and revoked customer keys and API tokens.GitBook stated that current indications show the attack targeted a single customer rather than the platform as a whole, and no other customer content has been found to be tampered with. However, since the attackers could access customer data within the platform, they are treating it as if all customer data may have been exposed, including API tokens, integration keys, session signing keys, assistant Q&A records, and authorized repository permissions for GitHub and GitLab applications. Billing information, passwords, and IP addresses were not affected.GitBook noted that the speed and precision of the attack heavily relied on automation and AI. Slow Mist's Chief Information Security Officer 23pds forwarded the review, stating that the targeted entity was Trade.xyz. Trade.xyz previously indicated that the document anomaly stemmed from an intrusion into GitBook's infrastructure, and there were no signs of their own infrastructure being compromised, and they will migrate away from GitBook within a few days.
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