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Chainstack disclosed that it suffered an AI-driven cyber attack at the end of October, resulting in the exposure of customer account information

Blockchain infrastructure service provider Chainstack disclosed that it experienced an AI-driven cyber attack from October 26 to 31, 2026. The attacker accessed the development environment through an unmodified default administrator credential and a Grafana instance without single sign-on protection, subsequently gaining cluster administrator privileges via an unauthenticated MCP tool server and stealing credentials through an automated platform, ultimately accessing the production environment to read the customer database.This incident resulted in the exposure of customer account information, including organization names, account holder names, member email addresses, and password hashes. The attacker also had access to systems containing node credentials, although there is no evidence that they were read; however, Chainstack still urged customers to rotate their node credentials. Chainstack stated that customer-facing services operated normally during the incident, and customer nodes, consoles, and APIs were not modified. Investigations revealed that the attacker used the open-source framework ARTEX, with no evidence found of exploiting software vulnerabilities. Chainstack has cut off the attack access path and requested customers to change passwords, rotate node credentials, regenerate platform API keys, and remain vigilant against phishing information.

first_img Informed sources: The rumor that Tencent is laying off 50% of its staff is completely untrue

On November 12, regarding rumors that Tencent is laying off 50% of its staff, sources close to Tencent stated that this is a serious misinterpretation and is completely untrue. The sources indicated that this is a realignment of company resources to adapt to the AI era, and it may also be the source of the so-called "50% layoffs" rumor, which is entirely unfounded.During Tencent's 28th anniversary Linktime online live broadcast, Tencent's management proactively expressed their determination to accelerate organizational change, specifically mentioning that this is different from the "cost reduction and efficiency enhancement" initiative from a few years ago. The previous initiative was relatively passive and more focused on "cost reduction"; this time, it is a proactive approach aimed at the AI era, more focused on "efficiency enhancement," inspiring teams to create new value, and encouraging frontline colleagues to actively step forward, while the middle management needs to become flatter and more agile.To respond to the new changes, there is a need for proactive thinking about new strategies and new battlefields. Among them, 50% of the people are like the army, responsible for defending their territory, improving efficiency to manage the existing core business well; the other 50% are like the navy, embracing the waves, exploring AI Native, and expanding new development spaces. The sources stated that the above arrangements correspond to the realignment of company resources to adapt to the AI era.

first_img Ming-Chi Kuo: Jensen Huang may find it difficult to withdraw unscathed, NVIDIA should prepare for succession

Tianfeng International Securities analyst Ming-Chi Kuo stated that Jensen Huang's importance to NVIDIA lies in his ability to transform technologies deemed feasible by engineers into products that the company must invest resources in, take risks on, and deliver. He believes this provides the supply chain with strong order visibility and a willingness to cooperate with aggressive specification upgrades; this move will also force competitors to follow suit, thereby driving technological upgrades and supply chain investments across the entire AI industry.Kuo mentioned that compared to providing order visibility to the supply chain, deciding on and implementing aggressive specification upgrades is more challenging. Jensen Huang does not need to be the person within NVIDIA who understands new technologies such as HVDC, CPO/NPO, or CCL/PTFE the best; his value lies in weighing strategy, organization, technology, and supply chain simultaneously, and making decisions and allocating resources quickly. He indicated that based on the information currently available, it is difficult for Jensen Huang to step back completely; if so, the actual approach may be to gradually reduce NVIDIA's reliance on Huang's personal decisions while preparing a succession plan. Two things worth observing in this process are whether NVIDIA can continue to develop new products and technologies as efficiently as before, and how competitors will respond. He stated that supply chain research will be an important basis for judging the direction of AI technology and investment.

Forbes: If Jensen Huang leaves, NVIDIA and the artificial intelligence industry may suffer a heavy blow

According to Forbes, the board of directors of Nvidia is preparing to dismiss CEO Jensen Huang, who has served for 33 years, and may hold a meeting on November 11. Forbes reports that since The New York Times first reported on October 29 about Huang's relationship with Megaspeed executive Huang Le, Nvidia's market value has evaporated by approximately $1 trillion. In after-hours trading on November 11, the stock price fell another 8%. Wedbush analyst Dan Ives warned that if Huang is dismissed, the market value could evaporate another $1 trillion to $1.2 trillion.On November 8, Huang admitted to being unfaithful in a letter to employees. An Nvidia spokesperson stated that Huang is committed to leading Nvidia without interruption. On November 11, The New York Times reported again that Huang has an extramarital affair with Kimberly Powell, the vice president of the company's healthcare business who reports to him. Forbes cited that before this report was released, Doug Clinton from Intelligent Alpha estimated the likelihood of Huang leaving the CEO position at 10% to 20%, while Yale professor Jeffrey Sonnenfeld believed the chances of staying or leaving were equal.Forbes stated that Nvidia does not have a public succession plan, and Huang has 60 direct subordinates. Newsweek believes that if he steps down, CFO Colette Kress may serve as interim CEO. Nvidia has set its third-quarter revenue guidance at $10.8 billion, with analysts expecting a year-over-year growth of about 91%. The company is scheduled to announce its financial report on November 17. Forbes also cited SFist, stating that if Huang's wife files for divorce, under California's community property rules, the settlement amount could be between $62.6 billion and $81.1 billion.

The New York Times: Jensen Huang was reported to have an extramarital affair with company executive Kimberly Powell

The New York Times cited five individuals who previously worked at NVIDIA, reporting that in addition to the extramarital affair already acknowledged, Jensen Huang also had an extramarital relationship with Kimberly Powell, the Vice President of the company's healthcare business. Powell reports directly to Huang, and both are married.According to insiders, during the NVIDIA GTC developer conference in March this year, the two were spotted behaving intimately at a hotel in San Jose, California. Someone captured footage of the incident on a mobile phone, and Huang's security team subsequently isolated the shooter and requested them to sign a non-disclosure agreement. The New York Times stated that it has not seen the video, and the related relationship had previously been discussed internally within the company. Powell was originally scheduled to speak at the opening ceremony of the Milken Institute Health Summit in Washington on the morning of November 12, but the host, CNN reporter Meg Tirrell, announced that she had canceled her appearance without specifying the reason. When responding to a phone inquiry from a New York Times reporter, Huang stated that he did not believe the other party should speak directly with him, and then hung up the phone.This is the second time in a week that Huang has been exposed for an extramarital affair. Meanwhile, The Wall Street Journal reported that NVIDIA's board is preparing to dismiss Huang, with a special meeting scheduled as early as November 11 local time to discuss his future. Following the news, NVIDIA's stock price fell by about 9% in after-hours trading. Since Huang was first reported to have an extramarital relationship with Alice Huang, including the after-hours drop, its stock price has decreased by 18% across the two related reports, resulting in NVIDIA's market value evaporating by approximately $820 billion.

first_img Joe Flanagan, co-founder of the on-chain asset management platform Maple, announced his departure and revealed differences in philosophy within the founding team

Joe Flanagan, co-founder of the on-chain asset management platform Maple, announced his decision to leave Maple. He stated that Maple has been the center of his life for the past seven years, and leading and building this company has been his full commitment. His partnership with co-founder Sid Powell has lasted nearly a decade, during which they built a business that he has always been proud of. Over time, their views on strategy, leadership style, and life orientation have gradually diverged, and these differences are no longer beneficial to the team or the business. He believes it is more appropriate for one co-founder to continue leading Maple forward than to allow these differences to persist and widen.Joe Flanagan stated that as a co-founder, he needs to agree with the decisions he has participated in, the direction he asks others to follow, and the choices for which he still needs to be responsible. He mentioned that he can no longer continue to do so with conviction and loyalty to his own values, and therefore chose to leave rather than continue to support a direction he cannot agree with. He will assist with the transition for the remainder of this year and provide support as requested by Sid and the team, after which he will no longer participate in Maple. He also stated that he has not left the industry and is currently formulating his next steps, which he will share more about soon. Maple officially confirmed that Joe Flanagan will step down as chairman and leave the company, describing this as an orderly transition agreed upon by both parties, with the company's direction remaining unchanged; since 2019, he has helped Maple expand its managed assets to $4.8 billion and its loan issuance to $20 billion.

Binance Research: The cryptocurrency market lacks an actively managed discovery layer, with neutral strategies siphoning off over 90% of the funds

Binance Research's latest report indicates that while institutional funds have significantly entered the cryptocurrency market, they are primarily flowing into passive Beta products (such as ETFs), and the actively managed sector has not kept pace.The core reason is not a lack of talent or returns, but rather the absence of a middle layer that connects funds with managers for discovery and verification. Currently, the funding sources for active cryptocurrency strategies still heavily rely on personal networks and conferences, lacking a standardized performance verification and benchmarking system.Research shows that 80% of asset allocators prioritize asset safety over historical returns, and verified trading platform data can significantly enhance due diligence. Managers believe that unverifiable performance and lengthy compliance reviews are the biggest obstacles to fundraising.Capital Connect data shows that directional strategies account for 44.3% of the total number of funds but hold only 6.7% of the capital; market-neutral, statistical arbitrage, and traditional multi-strategy funds make up less than half but attract 92.1% of the capital. The average single investment size from institutions in neutral strategies is about 11 times that of directional strategies.In October, BTC fell by 7.2%, with directional funds averaging a positive return of 1.9%, while neutral strategies recorded 1.0%. Binance Research concludes that institutional preferences and the introduction of traditional structures are driving the market towards maturity, but allocators remain highly selective. Only a comprehensive verification system and operational infrastructure can truly unlock the inflow of actively managed funds.
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