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Flash

first_img AI inference chip company MoXin has completed nearly 1 billion yuan in Series C+ financing

According to a report by the Science and Technology Innovation Board Daily, AI inference chip company MoXin Artificial Intelligence Technology (Shenzhen) Co., Ltd. recently announced the completion of nearly 1 billion RMB in C+ round financing, with investors including Renai Capital, Haitang Fund, Dongheng Petroleum, Biqiu Capital, Pala Capital, and Zhongcai Capital. The funds will be used for software and hardware upgrades of sparse dedicated inference chips, research and development of the next generation of chips, and collaborative research between industry and academia in sparse computing. The company disclosed that this financing round occurred about 5 months after the previous round of nearly 1 billion RMB, with a total of nearly 2 billion RMB raised across both rounds.In the C round financing disclosed in May this year, institutions such as Shenzhen Capital Group, Greater Bay Area Common Home, Liding Capital, and Yunsheng Capital participated, while existing shareholders like Kaixuan Venture Capital, Shengjing Jiacheng, and Yanshan Technology continued to invest. MoXin was founded in 2018 and is headquartered in Shenzhen, primarily developing AI inference chips, computing cards, and supporting software for data centers and industry clients. Founder and CEO Wang Wei has a master's background in Electronic and Computer Engineering from Carnegie Mellon University and has previously worked at Qualcomm and Intel.The company has launched computing cards such as the S4, S30, and S40, equipped with one, three, and four self-developed Antoum chips, respectively. The company plans to launch a new generation of computing card SP200 by the end of this year and release an upgraded software stack SECA. According to the company, its inference clusters have been deployed in regions such as Northwest, Southwest, East China, and North China, and partnerships have been established with leading telecommunications operators; revenue is expected to grow several times by the third quarter of 2026, but the revenue amount and growth comparison base period have not yet been disclosed.

first_img CoinEx founder Yang Haipo: The theft at Binance exposed three issues that could have been avoided, including the incomplete isolation of its development and operation environment

ViaBTC mining pool and CoinEx trading platform founder and CEO Yang Haipo posted on X, commenting on the Binance security incident. He stated that the incident exposed at least three avoidable mistakes, which do not require complex technology; what is lacking is discipline.Yang Haipo pointed out that first, the development and operation environments were not completely isolated. Personnel with production environment permissions should use dedicated devices and not install third-party software; coding, chatting, and web browsing should be done on another device. Second, the operation and maintenance system lacked effective dual verification. A single key could operate production services, and once the key was leaked, attackers could gain full production access. He believes that production operations could be conducted in a manner similar to AWS browser-based Session Manager, using hardware security keys as a second factor to prevent a single credential leak from constituting a breach. Third, MPC multi-signature is merely nominal; the signers did not perform substantial independent verification of the transactions. Compromising one node could render the entire mechanism ineffective, resulting in the same effect as a single signature. Multi-signature is only effective when the signers do not trust each other, independently verify the transaction itself, rather than trusting upstream requests.On November 3, Binance released preliminary investigation results regarding the security incident on October 29. Binance stated that approximately $6.34 billion in digital assets were affected, and as of the update, about $2.85 billion had been frozen or intercepted, with 98% of the affected tokens having been replenished. The report indicated that attackers gained unauthorized access to the internal wallet signature service and exploited Ethereum EIP-7702 to authorize the hot wallet; due to the hot wallet using multi-party computation, it could not immediately revoke the relevant authorization with a single private key. Binance cited information from the FBI stating that North Korea is responsible for this incident.

Analysis: Suspected North Korean hackers transferred approximately 1.46 million USD through the cross-chain bridge between Jupiter Lend and Circle, with Jupiter stating that the source of the funds has not been cut off

On-chain analyst @FabianoSolana posted that suspected North Korean hackers transferred approximately $1.46 million through the Jupiter Lend and Circle cross-chain bridge. According to his analysis, the funds were initially transferred from a Solana wallet address marked by the FBI (starting with AffzFD), then dispersed to about 35 temporary addresses via intermediary wallets before being re-aggregated and deposited into Jupiter Lend. A few minutes later, a similar amount was withdrawn by another new wallet.Subsequently, the funds were exchanged for USDC and transferred out of Solana through the Circle cross-chain bridge, returning to a new address on the Solana network via Noble and dYdX. The related funds were transferred out in approximately 16 transactions totaling about $1.4634 million, and then returned in 19 transactions, with a difference of about $10 between the amounts transferred out and returned. According to the analyst, the related funds have not been frozen.In response, Jupiter's Chief Operating Officer Kash Dhanda stated that based on the current investigation results, the attackers only performed deposit and withdrawal operations through Jupiter Lend, which is different from the previous Aave incident where stolen stablecoins were borrowed and could not freeze the assets. The flow of related funds can still be fully tracked through LP tokens, and the relationship of the funds has not been severed, so it cannot be concluded that the attackers used Jupiter Lend to launder the source of the funds. The Jupiter security team has been monitoring the flow of related funds in real-time. As of the time of publication, Circle has not publicly responded to the reasons for the aforementioned fund transfer and why they have not been frozen.
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