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Financial Supervisory Service of Korea: Plans to restrict active-duty military personnel from applying for high-interest small loans within the year

According to a report by the Korean News Agency, the Financial Supervisory Service (FSS) of South Korea announced that it will collaborate with the Financial Services Commission and the banking industry to promote several new financial consumer protection regulations. These include completing the establishment of standard business norms by the end of the year and fully restricting microcredit institutions from issuing general credit loans to active-duty military personnel.Data shows that the loan scale for active-duty military personnel from the top 30 credit institutions registered with the Financial Services Commission in South Korea has surged from 350 million Korean won at the end of 2022 to 24.2 billion Korean won (approximately 17 million USD) by the end of 2025. South Korean regulators pointed out that some active-duty military personnel blindly invest borrowed funds into high-risk investments such as virtual assets (cryptocurrencies) and online gambling, which is one of the main reasons for excessive debt.In addition, the Financial Supervisory Service of South Korea will also promote the expansion of flexible banking outlet operations and shorten the notification period for long-unused prepaid electronic payment accounts from 1 year to 3 months.

Insiders: Jensen Huang is still involved in the CEO selection for NVIDIA and has contacted potential candidates

According to The Washington Post, after Jensen Huang resigned as CEO, Nvidia faces challenges not only in finding a new leader but also in taking over a management system that has long revolved around the founder.Jensen Huang led Nvidia for over 30 years, and the company adopted a flat management structure, with about 60 people reporting directly to him, concentrating major decisions in his hands. Nvidia is currently led by Chief Financial Officer Colette Kress as interim CEO. According to insiders, Jensen Huang is still involved in the selection of his successor and has contacted at least one potential candidate.Jensen Huang also personally maintained relationships between Nvidia and key suppliers. He has long kept close ties with TSMC founder Morris Chang, a relationship that has helped Nvidia secure priority access to scarce manufacturing capacity.Harvard Business School professor Andy Wu believes that given Amazon and Google are also competing for TSMC's limited capacity, there is uncertainty about whether Nvidia can maintain its existing share of capacity. A Nvidia spokesperson stated that the company's partnerships with TSMC and other supply chain partners remain strong.Tae Kim, author of The Nvidia Way, pointed out that Jensen Huang simultaneously led product direction, business strategy, marketing, and talent recruitment, making it difficult for the new CEO to take on all responsibilities alone. He believes the board should prioritize retaining core executives familiar with the company's technology and operations, including Ian Buck, who leads CUDA development, Jonah Alben, who is responsible for GPU engineering, and interim CEO Colette Kress.Harvard Business School professor and former Intel board member David Yoffie stated that Nvidia has not established a systematic succession process similar to Intel's annual evaluation of successor candidates. Since the turmoil began, Nvidia's market value has shrunk by about $1 trillion, and Bernstein has lowered its target price from $400 to $200.

Slow Fog CISO: Underground forums are selling remote control tools claiming to support iOS 13 to 27.2, which can steal keychain and encrypted wallet data

The CISO of Slow Fog stated that there are underground forums selling a remote control tool claimed to support iOS versions 13 to 27.2, equipped with a centralized control panel.Attackers are said to be able to deliver phishing links via SMS, chat software, or email, attempting to gain device access after users click on them, thereby stealing Keychain data, chat records, file credentials, and data related to encrypted wallets. They can also monitor cameras, microphones, location, and screens, and support remote Shell and multi-device management.The tool claims to have six capabilities: initial access, privilege escalation, persistence after reboot, data export, real-time monitoring, and remote control, involving techniques such as bypassing pointer authentication (PAC), escaping sandboxes, and obtaining kernel read/write permissions.However, the CISO of Slow Fog expressed doubts about its compatibility, believing that its claim to support iOS 27.2 may be exaggerated or have stability issues, and speculated that the tool could be an upgraded version of Darksword. They also reminded users to update their systems in a timely manner, exercise caution when clicking on unknown links in SMS, emails, and chat software, and pay attention to the security of their devices and encrypted assets.

Coinone: Customer service outsourcing vendor's server was hacked, user inquiry information leaked

The South Korean cryptocurrency exchange Coinone announced that in the early hours of November 12, its customer service outsourcing partner MetaM's server was externally breached, resulting in the leakage of some customers' personal information left during chat or phone consultations.Coinone received a report from the outsourcing partner around 9:20 AM on the same day and disclosed the matter on November 15. Users without customer service consultation records are not affected by this incident. Coinone stated that its account, trading, and wallet systems operate independently from the outsourcing partner's server, and no direct intrusion into these systems has been found so far.The potentially leaked information includes names, phone numbers, emails, birth dates, account numbers, passwords, Korean resident registration numbers, document issuance dates, addresses, wallet addresses, and transaction hashes (TXID). The actual leaked items vary based on the information provided by users during consultations. Coinone has not disclosed the number of affected individuals and will inform users through separate notifications or inquiry services.Coinone has blocked the illegal access path, switched customer service to email consultations, and strengthened monitoring of abnormal logins and transactions. The platform has reported to the relevant regulatory authorities in South Korea and reminded users who provided passwords during customer service consultations to change their passwords on Coinone and other websites using the same password as soon as possible, and to be wary of phishing calls, texts, and emails impersonating customer service.

Tom Lee: The continuous sell-off in the cryptocurrency market is caused by factors such as the sell-off of tech stocks, the liquidity squeeze from the Anthropic IPO, and some holders cashing out after Binance was hacked for 6.3 billion dollars

Tom Lee, Chairman of Bitmine, stated that despite several banks announcing the adoption of crypto assets and blockchain technology, the crypto market has still faced continuous sell-offs over the past few weeks.He believes that the sell-off in AI and semiconductor stocks may have triggered margin calls, particularly affecting retail investors in Asia; the upcoming IPO of Anthropic may also prompt some investors to sell stocks early to raise funds. If Robinhood users receive a large allocation, some retail investors may also sell crypto assets to participate in the subscription.Tom Lee also listed the recent theft of $6.3 billion in crypto assets as one of the potential factors. He believes that once the funds in the relevant accounts are restored, some holders may convert their assets into cash or stablecoins.In addition, discussions during the Anthropic roadshow about how AI may weaken existing cybersecurity defenses, as well as the U.S. Department of Justice's review of chips sold to Asia, including China, may also intensify market risk aversion.He believes that the aforementioned pressures will eventually dissipate. In the long term, crypto networks can serve as a transaction settlement layer, and digital assets will change capital markets, potentially driving a "super cycle" in crypto that exceeds previous scales. He remains optimistic about Ethereum's role in the financial system.
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