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first_img Interpol's Africa operation arrested 1,462 people and recovered over 105 million USD

Interpol announced that from June 29 to August 31, 2026, it coordinated law enforcement agencies from 21 countries to carry out Operation "Serengeti III," targeting online fraud, ransomware, business email compromise, online scams, and digital extortion. The operation resulted in the arrest of 1,462 suspects, the dismantling of 10,909 malicious networks, and the recovery of over $105 million in illegal funds. Investigations confirmed 65,929 victims, with financial investigations linking losses exceeding $385 million.In Angola, law enforcement dismantled two illegal cryptocurrency mining centers, arrested 9 suspects, and seized over 2,000 cryptocurrency mining devices and 6 illegal power transformer stations, with the seized power infrastructure alone valued at over $1 million. In Nigeria, authorities arrested a suspect linked to large-scale phishing and business email compromise, with the operation collecting approximately 2.1 million email addresses and software credentials; another investigation uncovered an international investment scam promoted through instant messaging applications that transferred over $2.4 million in suspected criminal proceeds, most of which were laundered through cryptocurrency transactions.Neal Jetton, head of cybercrime at Interpol, stated that cybercrime networks disregard borders and exploit technology to target victims on an unprecedented scale; the operation demonstrates that despite the increasingly borderless nature of cybercrime, international cooperation remains an effective tool for dismantling criminal networks, recovering criminal assets, and protecting communities. The operation received support from private sector partners such as Group-IB, Kaspersky, Fortinet, and Meta, and was co-funded by the EU and the joint project GLACY-e of the European Commission.

Tesla Q3 financial report: Revenue remains flat year-on-year, net profit down 43%, operating expenses surged 39%

Tesla announced its third-quarter performance for 2026. The quarterly revenue was $28.046 billion, essentially flat year-on-year; the net profit attributable to common shareholders was $787 million, a decrease of about 43% year-on-year. GAAP diluted earnings per share were $0.22, down from $0.39 in the same period last year. Operating profit decreased by about 56% year-on-year to $718 million, with an operating profit margin of 2.6%, down 3.2 percentage points year-on-year. The company stated that increased R&D and other operating expenses, reduced regulatory credit income, and declining gross margins in the energy business put pressure on operating profit, with operating expenses rising by about 39%.Overall GAAP gross margin rose to 19.6%, an increase of about 1.6 percentage points year-on-year, and also higher than the previous quarter. The automotive gross margin, excluding regulatory credits, was about 18.1%, improving compared to the previous quarter and the same period last year. The number of vehicle deliveries for the quarter was 486,500, a decrease of 2% year-on-year; production was 464,400 vehicles, an increase of 4% year-on-year. Revenue from the automotive business decreased by about 3% year-on-year, while revenue from energy generation and storage decreased by about 16%, and service and other revenue grew by about 33%.Operating cash flow for the third quarter was $6.263 billion, and free cash flow was $1.531 billion, down from $3.990 billion in the same period last year. The company stated that battery supply continues to limit the increase in vehicle production; mass production of the Semi has started in Nevada, and production of Optimus has begun in Fremont, while Cybercab has been put into operation in the Austin Robotaxi fleet. According to BIT market data, SPCX fell 3.32% in after-hours trading.

first_img Former FTX Chief Operating Officer criticizes Netflix's new series trailer, stating that he felt uncomfortable after watching it

The complete trailer for Netflix's upcoming FTX-themed series "The Altruists" was released this week, and former FTX Chief Operating Officer Constance Wang criticized the trailer in a post on X, stating that watching it made her "physically want to vomit." She mentioned that she had served as COO since before FTX was named and viewed the company as her child. She was also the last person to leave the Bahamas after Sam Bankman-Fried was extradited and lost all her assets in FTX, thus she has no intention of defending those responsible for all of this.Wang pointed out that the media is eager to tell the story of FTX's collapse due to the team's partying in the Bahamas, but her workplace was completely different. The core team of the company had fewer than 200 people at its peak, while other exchanges of similar size had thousands of employees, many of whom worked 16 to 18 hours a day for over three years with almost no time to sleep. She also questioned the portrayal of Caroline Ellison in the trailer, stating that she had worked with Caroline and had never seen her as aggressive as depicted in the trailer; she described her as quiet and gentle, often lost in her own thoughts. Most of the team only learned about Caroline's relationship with Sam through reports after the bankruptcy."The Altruists" consists of eight episodes and will premiere on Netflix on November 19, featuring Anthony Boyle as Sam Bankman-Fried and Julia Garner as Caroline Ellison. FTX collapsed in November 2022 due to a liquidity crisis, exposing its close financial ties with Alameda Research and issues of customer fund misappropriation. Bankman-Fried was convicted of seven counts of fraud and conspiracy in November 2023 and sentenced to 25 years in prison; Ellison pleaded guilty and cooperated with prosecutors, receiving a two-year prison sentence in September 2024.

first_img Samsung's foundry 4-nanometer capacity is nearing full load, expanding 5-nanometer operations

According to a report by North Korea Biz on October 20, Samsung Electronics' foundry division has seen its 4-nanometer process capacity nearing full load due to an increase in customer orders, while the company is also expanding efforts to attract new customers for its 5-nanometer process. The report states that contracts for the most advanced 2-nanometer process with major global tech companies are still delayed, prompting Samsung to increase the utilization rates of its relatively stable 4-nanometer and 5-nanometer processes to improve profitability.The 4-nanometer process is used for smartphone application processors, artificial intelligence semiconductors, and high-performance computing chips. The report indicates that not all chips in the expanding artificial intelligence semiconductor market require the most advanced processes; the manufacturing costs of 4-nanometer and 5-nanometer processes are relatively low while still achieving high performance, making them suitable for certain artificial intelligence inference chips and application-specific integrated circuits.Regarding the 2-nanometer process, Samsung is in discussions with major global tech companies about production contracts, but some negotiations are taking longer than originally expected. In addition to yield rates, the most advanced processes also require comprehensive verification of energy efficiency, design assets, and stable mass production capabilities, which means a longer time frame from contract signing to mass production. Samsung views the 2-nanometer process as the core growth driver for its next-generation foundry business and plans to continue using the fully surrounded gate transistor structure first introduced in the 3-nanometer process to improve energy efficiency and performance.

first_img Binance, Coinbase and other cryptocurrency companies participate in the anti-fraud operation in West Africa, identifying $11 million in funds that can be frozen

According to CoinDesk, the U.S. Department of Justice announced that authorities in Ghana and Nigeria arrested 28 people in an enforcement action against a West African scam network, which involved cryptocurrency investment fraud.The UK's National Crime Agency (NCA) stated that the operation also uncovered 117 victims of human trafficking in Ghana, who are awaiting repatriation to Nigeria. Private sector partners identified over $11 million in funds that could be frozen.The operation, hosted by the NCA, brought together tech companies and law enforcement agencies, aiming to combat scam networks targeting citizens of the U.S., U.K., and other countries. The Department of Justice stated that this is the first joint operation focused on West Africa. Cryptocurrency exchanges Coinbase and Binance, as well as blockchain analysis companies Chainalysis, Elliptic, and TRM Labs, were all involved.Coinbase stated that it assisted in tracking illegal funds, supporting asset freezes, and providing intelligence to investigators, identifying over 65 active scam victims and preventing over $415,000 in potential losses. TRM Labs claimed it uncovered a large-scale peer-to-peer money laundering network. In the Sasaabi region of Ghana, authorities arrested 19 people and seized 303 electronic devices; Nigeria arrested another 9 people. Meta reported that it has deleted over 3.7 million Facebook and Instagram accounts, pages, and groups, most of which targeted Americans and Britons through impersonation tactics. Law enforcement also received leads on over 30 suspected scam centers.

first_img Jumpspace released the STEPX Neo smartphone, with an AI intelligent entity built into the operating system

StepFun, an AI startup invested by Tencent, has released the STEPX Neo phone, which features an AI intelligent agent directly built into the operating system rather than as an external application. The phone began pre-sales on the evening of October 13, priced at 3999 yuan (approximately 560 USD), with its official sale starting on October 16. Pre-sale channels include JD.com, Tmall, and Douyin. Users do not need to open a ride-hailing app to input addresses and select vehicles; they simply need to inform the destination, and the intelligent agent can autonomously complete the subsequent steps. StepFun stated at the launch event that in the era of intelligent agents, AI is no longer an additional feature of smartphones but is the product itself.The device runs on the Step AOS 1 system, which the company claims is designed from the ground up for intelligent agents, featuring long-term memory, task scheduling, and security control capabilities, composed of a mix of Android, Linux, and real-time operating system components. The system uses the MCP protocol to break down functions such as messages, applications, files, and settings into small modules that can be directly called by the intelligent agent, giving users two entry points: a traditional application grid and an intelligent agent space. The intelligent agent is named Amoo, which saves two types of memory: user factual preferences and task execution experiences. Simple commands are processed by a small model on the device, some of which can run offline, while complex cross-application requests are handled by a large model in the cloud. A second MiniLED screen on the back of the device can display Amoo's execution status.Nearly 100 companies and products, including Alipay, Tencent, Trip.com, Didi, and Meituan, have integrated with Amoo. Payments, travel bookings, and content creation are still completed by their respective platforms. This is an alternative path for StepFun in response to the major application blockages faced by ByteDance's Doubao, which previously used screen reading and simulated clicking solutions. StepFun was founded in 2023 by former Microsoft Vice President Jiang Daxin. Its self-developed flagship large model, Step 5 Preview, was launched in September, with a parameter scale of 600 billion and a single activation of 27 billion, supporting a context of 1 million tokens; the earlier released Step 3.5 Flash was open-sourced under the Apache 2 license. The price of 3999 yuan includes a 12-month STEPX Token plan, providing 100 billion tokens per month, while the AI costs after the first year have not yet been announced.
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