telecom

The semiconductor and AI independent research organization SemiAnalysis released a deep security report on Neocloud (new cloud), revealing various cross-tenant security vulnerabilities discovered during the ClusterMAX 3 testing period. In a four-month test covering 25 vendors and 32 clusters, the team achieved multiple instances of cross-tenant remote code execution (RCE) solely by exploiting publicly known vulnerabilities and basic configuration checks. Affected entities included banks, telecommunications companies, universities, research institutions, AI laboratories, and even a national intelligence agency.Typical issues included: shared Kubernetes control plane leading to tenant metadata visibility, container escape, exposure of BMC/IPMI management networks, incorrect configuration of InfiniBand security keys (P_Key, SA_Key, M_Key), unfortified default trust mode of BlueField DPU, Grafana monitoring dashboards using god-level API keys, and lack of VXLAN isolation in front-end networks. The report specifically pointed out a cascading vulnerability case: a misconfiguration of shared vCluster combined with software versions being two years out of date ultimately completed the POC verification of cross-tenant RCE within an afternoon.Notably, the report questioned the mainstream narrative that "AI has fundamentally changed the pace of cybersecurity": statistics on CVEs for NVIDIA GPU drivers, CUDA, PyTorch, Kubernetes, Docker, and the Linux kernel showed that there was no significant increase in vulnerabilities after the popularization of AI coding models, with most data supporting the "no change hypothesis." The report also detailed the incident where an OpenAI-trained agent attacked Hugging Face, where the AI agent achieved cluster-level privilege escalation through a message board established via Artifactory, which went undetected from May to July. While building POC verification for existing vulnerabilities, the team found that Claude Fable and GPT-5.6 Sol frequently rejected security-related requests, ultimately relying on open-source models such as DeepSeek V4, Kimi K3, and GLM-5.2 to complete the task.SemiAnalysis stated that the core issue in the Neocloud (new cloud) industry is not the new risks brought by AI, but rather the long-term absence of basic patch management, tenant isolation, and security design. They recommended that vendors establish automated security announcement monitoring systems and rectify single points of failure that could expose all users' architectural patterns.

According to a report by the Korea Herald, South Korea's largest mobile communication operator SK Telecom announced the spin-off of its Artificial Intelligence Data Center (AIDC) business into a new independent legal entity, SK Horizon, and plans to introduce a total of 3.08 trillion won (approximately 2.2 billion USD) in external funding.The spin-off transaction is expected to be completed on February 1, 2027, with global private equity firms KKR, as well as IMM Investment and Stonebridge Capital consortium, likely to participate in the investment.

According to Bloomberg, billionaire Mukesh Ambani's Reliance Industries' digital and telecommunications business unit Jio Platforms has received regulatory approval, clearing a key hurdle for its long-awaited initial public offering (IPO). According to the official website of the Securities and Exchange Board of India (SEBI), the agency issued a letter of opinion to Jio Platforms within a week, indicating that it has been authorized to advance the IPO process.The listing plan for Jio Platforms has attracted significant market attention, as the company launched the reward token JioCoin, developed on the Polygon blockchain, last year. Community users have reported that the token has been integrated into Jio's web browser JioSphere.

According to Gate market data, on August 28, both the Hang Seng Index and the Hang Seng Tech Index rose in the morning session. By the midday close, the Hang Seng Index was up 0.47%, and the Hang Seng Tech Index was up 0.6%.Hong Kong stock telecommunications infrastructure concept stocks led the gains, with Junzhi Group and Huanlian Lianxun rising over 4%, and Zhongji Xuchuang rising over 3%. Domestic property stocks collectively rose, with Xuhui Holdings Group and Sunac China rising more than 5%.

According to Bits.media, Russia's three major telecom operators MTS, Rostelecom, and Megafon announced that they will start accepting digital ruble payments from September 1. MTS will support the use of digital rubles for all services within its payment module MTS Pay, with no category restrictions. Rostelecom will initially only support one-time payments on its official website, and will later expand to personal accounts; regular payments and automatic top-ups will depend on the readiness of the central bank's platform. Megafon will also offer it as an additional payment method.The two major e-commerce platforms, Wildberries and Ozon, also announced the activation of digital rubles on the same day. According to the law, starting from September 1, all large enterprises in Russia must be able to process digital ruble transactions, and the apps of 12 systemically important banks must have an entry point for digital ruble wallets. The central bank plans to impose limits on the recharge of digital wallets, with a maximum of 300,000 rubles per month through a single bank.

According to Caixin, the Hong Kong Court of Appeal yesterday rejected the sentence reduction application of the mastermind behind the electric fraud and human trafficking, Ma Zhihao, and upheld the original sentence of 56 months in prison. During the investigation of the case, the Hong Kong police tracked the criminal funds through blockchain and cryptocurrency transaction records, identifying the key points where ransoms and criminal proceeds were received.It is reported that a victim's family paid approximately 9,527 Tether (USDT) to a cryptocurrency wallet designated by the criminals. The blockchain tracking records conclusively prove that 8,127 USDT flowed into an exchange account registered under Ma Zhihao's real name and Hong Kong ID, which was then exchanged for about 63,000 Hong Kong dollars and transferred to his personal HSBC bank account, becoming important evidence of his involvement in the crime and obtaining profits. The Court of Appeal pointed out that if it were not for the 7-year sentencing cap imposed by the District Court, the punishment faced by the defendant would be much heavier than this.

A spokesperson for Nvidia (NVDA.O) responded to market rumors about its accelerated entry into the telecommunications operator market and its search for base station manufacturer partnerships in China, stating that the report is unfounded and the description is inaccurate.Previously, there were reports that Shenzhen Jiaxian Communication Co., Ltd. was involved in the collaborative development of Nvidia's 6GAI-RAN base stations.

According to Jinshi, U.S. telecom stocks fell in pre-market trading due to SpaceX revealing its plans to establish comprehensive mobile services.

According to market news, the French listed telecommunications company Sequans Communications has sold 344 bitcoins and plans to sell the remaining 314 bitcoins as previously announced. Its Bitcoin 100 ranking is 73rd.

According to South Korean media Ket, South Korea's SK Telecom (SKT) announced the establishment of a new company specializing in artificial intelligence data centers (AIDC) called SK Hyper and plans to invest a total of 750 billion won to promote the expansion of large-scale AI data center business. It is expected to initially invest 330 billion won and plans to cumulatively invest 750 billion won by December 2030, ultimately holding 100% equity in the company.It is reported that the newly established SK Hyper will be responsible for the development and commercialization of future large AI data center projects, including site selection, power infrastructure, and preliminary work on customer business cooperation. Subsequently, it will also introduce financial investors (FI) for equity investment and project financing (PF) as external funding.

According to Etoday, the Financial Services Commission of South Korea has announced a draft amendment to the "Special Law on Preventing Telecom Financial Fraud and Returning Victim Funds," planning to include funds from phone scams that are transferred to crypto assets within the scope of victim compensation, and to clarify the standards for the return and valuation of crypto assets. The relevant regulations are expected to officially take effect on October 1.According to the new regulations, if the frozen assets are cryptocurrencies, victims will generally be compensated based on the type and quantity of assets; if the defrauded assets differ in form from the frozen assets, compensation will be made in the form of assets that existed at the time the account was frozen. In cases where cash and crypto assets are mixed, the regulatory authorities will value the crypto assets based on the market price at the time of freezing to determine the final compensation amount.The Financial Services Commission of South Korea stated that clarifying the form of returned assets and the timing of valuation will help achieve faster and fairer compensation in complex cases involving mixed funds from multiple victims. It is reported that the public consultation for the draft amendment will continue until August 24.

According to Digital Daily, South Korean telecom operator KT announced that it will invest approximately 18 trillion won over the next three years, with 12 trillion won allocated for information security, IT, and networks, and 6 trillion won for AI infrastructure, while promoting new businesses in Token Factory and stablecoins.KT plans to create a Token Factory that supports token generation, mediation, and billing, combining a 1GW scale AI data center, a token optimization engine, and billing capabilities; at the same time, it intends to enter the stablecoin digital financial platform market, leveraging K Bank's 16 million customers, BC Card's 3.5 million merchants, and KT's network and security infrastructure to cover issuance, custody, settlement, and actual usage ecosystems.

According to CCTV News, the Shanghai Baoshan District Prosecutor's Office announced a case yesterday, where the defendant Huang was involved in smuggling abroad to participate in telecom fraud activities, enticing victims to invest in virtual currency. After the Myanmar Miaowadi Park was disbanded, Huang continued to engage in "pig butchering" fraud, using AI face-swapping and communication with foreign models to gain the victims' trust, and then guiding them to participate in cryptocurrency investments.Subsequently, the team leader would connect with the victims, deceiving them into registering, recharging, and investing on fake websites, ultimately being sentenced to two years and six months in prison for fraud, along with a fine of 30,000 yuan.

According to the Korea Herald, the Seoul Metropolitan Police Agency's Wide Area Crime Investigation Team has dismantled two organizations involved in money laundering using virtual assets, with a total amount involved exceeding 14 billion Korean won. One organization consists of nine individuals, including a Chinese suspect A (45 years old), who were instructed by a Cambodian telecom fraud group. From February 2024 to April 2025, they purchased USDT through overseas exchanges and transferred it between domestic and foreign exchanges, laundering approximately 14 billion Korean won in total. The organization charged a fee of 650 million Korean won, and the main suspects have been transferred to the prosecution, with two individuals arrested, and the leader Y (29 years old) has been issued a red notice by Interpol.The other organization, consisting of 14 individuals, directly participated in laundering the proceeds from the Cambodian romance scam, with an amount involved of approximately 2.8 billion Korean won. In addition, another 33 individuals have been transferred to the prosecution for allegedly providing unlicensed virtual currency exchange services to foreign tourists (involving 6.3 billion Korean won).

NVIDIA (NVDA) CEO Jensen Huang stated that NVIDIA's collaboration with SK Hynix and SK Telecom is expected to bring hundreds of billions of dollars in business opportunities to South Korea in the future.Huang mentioned that as the construction of artificial intelligence infrastructure continues to advance, and the demand for AI chips, memory, and communication technologies grows, the deep cooperation between NVIDIA and South Korean technology companies will become an important driving force for the development of South Korea's AI industry and may create significant economic value.

The U.S. Department of Justice stated that Olena Oblamska, a Ukrainian national accused of operating the cryptocurrency investment platform Forsage, was extradited from Thailand to the United States last week and appeared in federal court in Oregon, pleading not guilty to the charge of "conspiracy to commit wire fraud."Prosecutors claim that Forsage operated under the guise of an investment project based on Ethereum blockchain "smart contracts," but in reality constituted a Ponzi and pyramid investment scheme, involving approximately $340 million. Currently, Olena Oblamska is being held in custody awaiting trial, with jury proceedings expected to begin on July 14, 2026; if convicted, she could face up to 20 years in federal prison.

According to Hongxing News, the police in Linyi, Shandong recently dismantled a telecom fraud gang targeting minors, seizing about 140,000 yuan in illegal gains and 20,000 in virtual currency on site. Preliminary investigations have confirmed that the gang has carried out over 200 fraud cases nationwide, involving a huge amount of money.The police disclosed that the criminal gang used "free game skins and equipment" as bait to lure minors into using their parents' phones and remotely controlling the victims' devices through screen sharing to carry out transfer fraud. The stolen money was then laundered in batches through methods such as mobile phone top-ups, electricity bills, and property fee payments. The upstream fraud platform settled funds through virtual currency, and the suspects took about 20% of the fraud amount as their share. It is reported that the gang leader had previously traveled to Myanmar to engage in fraudulent activities and has strong counter-investigation experience. The case is still under further investigation.

Nasdaq-listed company Coincheck Group announced a strategic investment and business cooperation agreement with Japanese telecom giant KDDI Corporation. KDDI will purchase 28,536,516 newly issued common shares of Coincheck Group at a price of $2.28 per share, with a total transaction amount of approximately $65 million. JPMorgan acted as the financial advisor, and De Brauw Blackstone Westbroek and Simpson Thacher & Bartlett LLP served as legal advisors. It is reported that both parties will collaborate to expand in the digital asset market, including revenue sharing and referral reward mechanisms.

According to China News Weekly, a 19-year-old female college student from Guangdong was recently invited to Thailand to participate in the Water Splashing Festival. After landing, she was controlled and is suspected to have been sold to a Myanmar telecom fraud park near the Three Pagodas area on the Thailand-Myanmar border.Her family stated that the other party claimed to have purchased her for 29,000 U and then demanded a ransom of 30,000 U, equivalent