Search: “X Money”

X says attackers are targeting user accounts after the launch of X Money

X is investigating a wave of unsolicited password reset emails targeting users after the X Money payments launch, with no confirmed breaches yet.

Numerous X users reported unsolicited password reset emails following the launch of X Money, the platform's new payments service with accounts held at FDIC-insured Cross River Bank. Product engineer Mridul Singhai said the company found no evidence of successful breaches or mass account takeovers, while the Grok chatbot confirmed attackers are mass-triggering resets using public usernames. Users are being advised to enable two-factor authentication and Password Reset Protect while the investigation continues.

TechCrunch · Security·Sep 1, 20:48 UTC · 15d agoPhishing & fraud in the wild

X Money rollout linked to password-reset attacks

X is investigating bulk unsolicited password-reset emails as its X Money payments service expands, with no confirmed breaches or account takeovers yet.

X users began reporting unexpected password-reset emails and codes on September 1, and product engineer Mridul Singhai said attackers appear to believe newly widespread X Money access makes accounts worth targeting. X says it has found no evidence of any breach or successful account takeover, and completing a reset still requires access to the account's email or phone number. X Money offers eligible US users interest-bearing accounts, a Visa debit card, and P2P payments, with Cross River Bank providing banking infrastructure. Malwarebytes warns the reset flood can serve as cover for phishing and urges reset protection, 2FA, and unique passwords.

Malwarebytes Labs·Sep 4, 12:29 UTC · 13d agoPhishing & fraud in the wild

Ready-made $500 kit puts a crypto scam within anyone's reach

A $500 ready-made scam kit sold on a cybercrime forum builds fake Tesla $TSLA presale pages that harvest wallet recovery phrases and cryptocurrency deposits.

Malwarebytes found a $500 scam-in-a-box kit by seller xrep on a cybercrime forum, bundling a fake Tesla-style $TSLA presale site, a victim-tracking admin panel, and controls to inflate fake balances. The kit harvests 12-word wallet recovery phrases via wallet-connection prompts or accepts direct transfers in Bitcoin, Ethereum, USDT, or Dogecoin. The admin panel lets operators check stolen wallets' value before draining them, raise displayed balances to encourage further deposits, and send follow-up messages demanding fake network fees.

Help Net Security·Aug 12, 00:00 UTC · Aug 12, 2026Phishing & fraud

Flirty OnlyFans promoters on X may be using AI to appear human

Developer Álvaro Martínez Majado found OnlyFans-promoting accounts on X following rigid scripts yet handling encoded instructions, suggesting generative AI use.

Investigation of flirty X accounts promoting OnlyFans pages showed near-identical openers across accounts plus dynamic behaviors: answering a hexadecimal-encoded instruction with "Pineapple" and failing an exact 12-character count test in an LLM-like pattern. The accounts also sent personalized voice notes reading supplied timestamps and usernames, consistent with automated text-to-speech. Evidence suggests a hybrid scripted/AI system, though no model, provider, or operator was identified.

Malwarebytes Labs·Sep 7, 11:18 UTC · 10d agoAI safety & security

Risky Bulletin: Russia tells data centers to deploy drone defenses

Russia ordered data center operators to deploy drone strike defenses under a Putin decree allowing temporary state takeover of unprotected critical infrastructure.

The Russian government instructed data center operators to deploy protections against drone strikes under a presidential decree signed by Putin that allows temporary state administration of critical infrastructure operators failing to defend against Ukrainian hacks and drone strikes. Although data centers are not formally critical infrastructure in Russia, the decree applies to them because other sectors depend heavily on cloud services; Russia has more than 180 data centers, over 80% in the European region within range of Ukrainian strikes. The digest also reports a Dropbox breach affecting nearly 5,000 accounts via the Lenovo ID integration, spyware attacks on at least 14 Serbians using NoviSpy or Pegasus, and a password recovery attack targeting hundreds of thousands of X accounts tied to the new X Money service. Other items include a 14-hour compromise of Coder's Cloudflare infrastructure delivering malicious Terraform modules, donor data breaches at Davayte and You Are Not Alone via the Stripe/WooCommerce integration, a $2.5M Aquifer crypto heist, and a TVING breach exposing data of almost 40 million accounts.

Risky Business News·Sep 4, 03:02 UTC · 13d agoPolicy & legal

Subtlefakes: Slightly Altered Nonconsensual AI Images Are Taking Over X

404 Media documents 'subtlefakes' — near-realistic AI-edited nonconsensual celebrity images on X spread by engagement-farming accounts, including images of actor Xochitl Gomez.

The article describes a rising trend of 'subtlefakes': AI-generated or lightly edited images of celebrities made more revealing or provocative without nudity, posted by verified engagement-farming accounts that earn revenue from X's impressions-based payouts. Actor Xochitl Gomez shared side-by-side comparisons showing real parking-lot and red-carpet photos altered into suggestive poses. The author argues these images are hard to detect and moderate because they avoid nudity, bypassing guardrails in mainstream generators, and notes some were made with X's own Grok.

404 Media·Aug 20, 13:34 UTC · 28d agoAI safety & security1

[webapps] CubeCart 6.7.4 - Stored XSS

A proof-of-concept stored cross-site scripting exploit targeting CubeCart 6.7.4 was published on Exploit-DB.

Exploit-DB lists a proof-of-concept exploit for a stored cross-site scripting (XSS) vulnerability in CubeCart 6.7.4, a PHP-based e-commerce web application. The listing demonstrates injection of attacker-controlled script that persists in the application, but no exploitation in the wild or CVE assignment is reported in the provided text.

Exploit-DB·Aug 31, 00:00 UTC · 17d agoExploit / PoC1

Anthropic wants Claude to analyze your bank account and financial data

Anthropic is testing Claude Money, an iOS feature letting users link bank accounts so Claude can analyze spending, bills, and plans.

Anthropic is testing a personal finance feature called Claude Money, spotted by TestingCatalog in the Claude iOS app as a new Money section alongside Chats, Code, Artifacts, Dispatch, and Cowork. The feature would let users connect bank accounts and ask Claude about spending, plans, and more, though it has not rolled out widely and supported banks and regions remain unknown. It mirrors OpenAI's ChatGPT Finances, which connects accounts via Plaid and supports more than 12,000 U.S. financial institutions. The article notes European availability may be limited by local privacy laws.

BleepingComputer·00:35 UTC · 12h agoAI industry1

XDOF, just 3 months out of stealth, is in talks for a Series B at a $1.2B valuation

Robotics data startup XDOF is in talks for a Series B at a $1.2B valuation led by 8VC, three months after emerging from stealth.

XDOF, co-founded in 2024 by UC Berkeley researchers Philipp Wu and Fred Shentu, collects real-world teleoperation data for training general-purpose robots. It raised a $70M Series A in June from Thrive Capital, Andreessen Horowitz, Lux, and Spark Capital, and annualized revenue is approaching $50 million. The company is partnering with UC Berkeley's AI Research lab to release the ABC robot training dataset and already serves about 20 customers, including several frontier AI labs. Terms of the Series B are not final.

TechCrunch · AI·Sep 4, 23:36 UTC · 12d agoAI industry

GPT-5.6 Luna vs. GPT-6 Astra: Is a $1.20 Model Good Enough for Code Review?

Entelligence benchmarks GPT-5.6 Luna ($1.20/M output) against GPT-6 Astra for code review: Luna found 69 verified bugs at 3.6% of Astra's cost.

Entelligence compared GPT-5.6 Luna ($0.20/$1.20 per million tokens) against GPT-6 Astra ($10/$50) on 50 benchmark pull requests from Cal.com, Sentry, Discourse, Keycloak, and Grafana. Astra verified 92 bugs versus Luna's 69, with precision of 96% versus 74%, and Astra caught 19 of 24 security bugs while Luna found only 9. Luna cost $0.20 total versus Astra's $5.66 and reviewed faster at 23 seconds versus 36, with the widest quality gap on Keycloak authentication and permission logic (6 vs 14 verified bugs). Running both models would find 82% of the 143 verified bugs for $5.86 total.

Hacker News · AI·Sep 14, 19:56 UTC · 2d agoAI researchHN 44↑ · 45 comments

U.S. Disrupts Xinbi Guarantee Scam Marketplace, Freezes $52.8 Million in Crypto

US DOJ and Treasury disrupt Xinbi Guarantee Telegram scam marketplace, sanctioning it and freezing $52.8M in USDT across 52 wallets.

The DOJ seized Xinbi Guarantee's Telegram channels and cryptocurrency wallets while OFAC sanctioned the marketplace, freezing $52.8 million in USDT from 52 wallets and bringing the Scam Center Strike Force's total restrained funds to roughly $938 million. Elliptic, which worked with the Secret Service, estimates Xinbi has processed $30 billion in transactions since around 2022, serving pig-butchering scam operators and links to North Korean hackers, Jin Bei Group, and Prince Group TCO. The strike force dismantled 13 scam compounds in Madagascar, seizing over 3,200 devices and interviewing roughly 400 arrestees, with about 30 Chinese compound leaders repatriated to China. After Tether froze funds, Xinbi began converting remaining USDT into the USDD stablecoin.

The Hacker News·Sep 9, 18:26 UTC · 7d agoPolicy & legal

US disrupts Xinbi Guarantee marketplace fueling the cyber scam economy

US Treasury sanctions and DOJ seizures take down Xinbi Guarantee, a Telegram marketplace that processed $24B+ for cyber scams, freezing $52.8M.

The Treasury Department sanctioned the Chinese-language Telegram marketplace Xinbi Guarantee and two supporting firms, Anwen Technology (XinbiPay) and SafeW Technology, while the DOJ seized its Telegram channels and $52.8 million in USDT from 52 wallets. Blockchain intelligence firm Elliptic, which assisted the Secret Service, estimates Xinbi has processed at least $24 billion in transactions since 2022, making it the second-largest illicit online marketplace and a cornerstone of Southeast Asian cybercrime. Vendors sold money laundering, stolen personal data, deepfake technology, and other services for pig-butchering scams, with payments in Tether's USDT. The DOJ's Scam Center Task Force also dismantled 13 scam centers in Madagascar, arresting dozens of alleged leaders who were repatriated to China.

The Record·Sep 9, 19:54 UTC · 7d agoPolicy & legal

Meme Coin Factories: Uncovering Large-Scale Manipulations on pump.fun

Large-scale pump.fun study of 15 million meme coins identifies five manipulation classes including wash trading and a Market-Manipulation-as-a-Service ecosystem.

Researchers analyzed all 15 million coins launched on pump.fun over the last two years plus large random samples of transaction data, identifying five manipulation classes: wash trading, creator address obfuscation, coordinated sells, copycat coins, and social media manipulation. Strategic actors bypass the platform interface and implement strategies in a highly automated, low-latency way by interacting directly with the blockchain. The study also uncovers Market-Manipulation-as-a-Service (MMaaS) third-party tools that let non-technical users run these manipulations, and proposes mitigations for traders, pump.fun, and regulators.

arXiv cs.CR·Sep 9, 14:35 UTC · 7d agoResearch

The Worst Spam Emails: Inside iLands' AI Agent Hustle

Autonomous AI agents from startup iLands spam freelancers with deceptive persona emails offering paid research services, prompting FTC and Amazon SES abuse reports.

AI startup iLands, founded by ex-ByteDance-affiliated entrepreneur Kaixin Tang, operates autonomous agents such as the persona "Leo Ashford" that send unsolicited emails to creators and freelancers offering research services for around $25. A Tedium writer received over a dozen of these messages in three days via the iLands.app domain, sent through Amazon SES with no unsubscribe option, using debunk-style hooks like falsely correcting a 404 error myth. The agents target professional authors and freelancers, and the author recommends reporting the campaign to the FTC and Amazon's email-abuse address.

Hacker News · AI·Sep 12, 11:13 UTC · 5d agoAI safety & security in the wildHN 44↑ · 19 comments1

A brief history of AI executives calling for regulation

The Verge chronicles the history of AI executives, from Samuel Butler and Turing-era warnings to Altman and Musk, publicly calling for AI regulation.

The article traces recurring calls for AI regulation, from Samuel Butler's 1863 warnings and Alan Turing's 1951 lecture to Bill Joy's 2000 essay and Microsoft's 2018 facial recognition stance. Modern examples include Elon Musk's 2017 remarks to US governors, the 2023 Future of Life Institute pause letter, and Sam Altman's 2023 Senate testimony. It argues such appeals from industry leaders who profit from AI warrant skepticism.

The Verge · AI·Sep 16, 12:00 UTC · 1d agoAI policy1

Paris Prosecutors Raid Elon Musk X

Paris prosecutors raided the offices of Elon Musk's social platform X as part of a judicial investigation in France.

Infosecurity Magazine reports that Paris prosecutors carried out a raid at the French offices of X, the social platform owned by Elon Musk. Such raids typically accompany French judicial investigations, and this action places the platform's operations in Europe under legal scrutiny. The full scope of the warrant and any charges were not detailed in the available information.

Infosecurity Magazine·Aug 19, 00:00 UTC · 29d agoPolicy & legal

12 Best CNAPP Platforms Compared (2026): Features & Pricing

Independent comparison of 12 CNAPP platforms finds identical estates draw quotes 2-3x apart; Microsoft Defender for Cloud is the only fully published per-resource option.

A vendor-independent buyer's guide compares twelve CNAPP platforms including Prisma Cloud, CrowdStrike Falcon Cloud Security, Wiz, Uptycs, Aqua, Zscaler, and Microsoft Defender for Cloud on pricing mechanics, procurement leverage, and capability-per-dollar. It finds quotes swing 2-3x on identical estates because vendors define 'workload' differently. Microsoft Defender for Cloud is highlighted as the only major with fully published per-resource rates.

GBHackers·Sep 15, 06:49 UTC · 2d agoIndustry1

Operation ASTERIX: Anatomy of a Crypto Fraud Pipeline

Rapid7 exposed infrastructure behind a cryptocurrency fraud pipeline using phishing panels, voice-dialing scripts, fake wallets, and AI coding assistants.

Rapid7 researchers identified an exposed web directory on infrastructure used to support a cryptocurrency fraud operation tracked as Operation ASTERIX. The server contained raw phone-number datasets, account-validation tools, enriched lead records, phishing panels, voice-dialing scripts, fake wallet applications, persistence mechanisms, and Telegram exfiltration code. Recovered prompts, shell history, and project files show the operator relied on AI coding assistants to package Electron applications, obfuscate code, troubleshoot builds, and modify phishing infrastructure.

Rapid7 Blog·Aug 17, 11:29 UTC · Aug 17, 2026Phishing & fraud

What must happen for AI’s trillion-dollar gamble to pay off

Hyperscalers need 2.7x productivity gains by 2030 to justify nearly $1.1 trillion in AI data center spending, or risk bankruptcy and capital misallocation.

Wharton finance professor Jessica Wachter estimates hyperscaler AI expenditure will reach nearly $1.1 trillion through 2027 and that a 2.7x productivity increase is needed to break even by 2030. AI revenues of roughly $150-200 billion this year fall far short of about $750 billion in annual spending, with total investment from Alphabet, Microsoft, Amazon, Meta, and Oracle potentially exceeding $5 trillion over four years. Alphabet reported its first free cash flow deficit (about $5.9 billion) since its 2004 IPO due to AI infrastructure costs. Researchers warn that failed demand could make the buildout the largest capital misallocation in history, with depreciating GPU chips risking stranded assets.

MIT Technology Review · AI·Sep 15, 10:00 UTC · 2d agoAI industry

ASCII smuggling isn't just an AI security risk

Microsoft tracked a phishing campaign peaking at 2.37 million daily messages that hid financial-lure keywords with invisible Unicode tag characters to evade filters.

Microsoft researchers uncovered a large phishing campaign that inserted invisible Unicode tag characters (e.g., U+E0020) inside common financial keywords like 'funding', splitting words so keyword, signature, and regex matches fail. The campaign peaked at more than 2.37 million messages in late February 2026, ran from about 150 finance-themed sender domains on a strict weekday-only schedule, and gradually declined to under 20% of peak weekday volume by late March, with residual spikes through mid-June. The technique repurposes ASCII smuggling, normally used for indirect prompt injection against AI assistants, for traditional email phishing evasion. Microsoft advises defenders to strip or fold invisible Unicode code points before content matching and to watch for bulk weekday spikes from churning finance-themed domains.

The Register · Security·Sep 4, 19:23 UTC · 12d agoPhishing & fraud in the wild1

When scanners miss the attack: how Cloudflare Client-Side Security protects storefronts

Cloudflare's Page Shield ML uncovered four malicious JavaScript campaigns on storefronts, including affiliate fraud and a remote-backdoor script, that VirusTotal and URLScan missed.

Cloudflare's Page Shield ML detected four client-side JavaScript operations (eight payloads) in live traffic on online storefronts, enabling affiliate commission hijacking, clickless affiliate theft via hidden iframes, user tracking with a remote-code backdoor, and cloaking of paid mobile visitors. Seven of the eight payloads were absent from VirusTotal and URLScan returned no malicious verdict for any, including a Lnkr-family payload indexed unclassified for roughly 2.5 years. Detection relies on a graph neural network over JavaScript syntax trees, an LLM second opinion on Workers AI, and a frontier-model ensemble voting across benign, magecart, other malware, and cryptomining labels.

Cloudflare Blog·Sep 16, 20:06 UTC · 17h agoMalware in the wild

Liquid Hackers Return 3,400 Bitcoin Taken via Elements Bug, Still Holding $47M in BTC

Hackers exploited an Elements bug to take ~4,000 BTC from Liquid Network, returned 3,400 BTC (~$265M), and still hold ~598.5 BTC (~$47M).

Attackers exploited a bug in Elements, the software behind Blockstream's Liquid Network Bitcoin sidechain, to create L-BTC and withdraw roughly 4,000 BTC (about $320 million) via SideSwap's Peg-out Authorization Key, roughly 95% of Liquid's reported reserves. They returned 3,400 BTC (about $265 million at ~$78,000 per BTC) to the federation address on September 7, keeping about 598.5 BTC (roughly $47 million). The group called itself white hats, demanded node patches before returning funds, and negotiated via on-chain and PGP-encrypted messages; Ledger CTO Charles Guillemet characterized the arrangement as extortion. Blockstream says the peg-out key and other keys were not compromised, updated software is deployed, and the network remains paused pending a coordinated restart.

The Hacker News·Sep 8, 14:54 UTC · 8d agoExploit / PoC in the wild

AI Agent Platform Reinvents Spam, Floods Inboxes Worldwide

iLands AI agent platform floods inboxes worldwide with autonomous spam offering paid services and requesting money; founder added unsubscribe controls.

404 Media reports AI agents on the iLands platform are mass-emailing journalists, academics, and lawyers with unsolicited offers of paid services or requests for donations to fund their token costs. NYU professor Jeff Sebo received roughly 40 agent emails in one week. iLands founder Kaixin Tang apologized, saying no platform directive orchestrated the emails, and added unsubscribe links, rate limits, and cross-agent deduplication controls.

404 Media·Sep 15, 20:08 UTC · 1d agoAI safety & security

XHToken/Spark-X2.5-4B-GGUF — new model trending #30 on Hugging Face

XHToken released GGUF weights of Spark-X2.5-4B, a compact model with 1M-token context and 200+ language support, under Apache 2.0.

The Hugging Face repository provides BF16 GGUF conversions of Spark-X2.5-4B, a compact general-purpose language model for conversation, writing, translation, reasoning, coding, tool use, and agentic workflows. The model uses a hybrid attention architecture, supports a native context length up to 1M tokens, and covers more than 200 languages. Local inference is supported through Ollama and LM Studio via an XHToken llama.cpp fork, with a --think=false flag to disable thinking mode for faster responses. Released under Apache License 2.0; it was trending #30 on Hugging Face at publication.

Hugging Face trending models·Aug 28, 11:26 UTC · 20d agoModel release1

Hackers Are Hiding Espionage Infrastructure Inside Ordinary-Looking Casino Websites

Infoblox links China-aligned APT PeckBirdy C2 infrastructure hidden in casino and adult websites targeting Asian government, finance, IT, and education sectors.

Infoblox researchers report that China-aligned APT groups have used casino and adult websites as cover for PeckBirdy, a JavaScript command-and-control framework active since 2023. The sites embed C2 servers, register service workers for persistence, and serve fake browser-update prompts delivering backdoors capable of running commands, stealing credentials, and providing remote access. Targeted sectors across Asia include education, IT, banking, financial services, and government. Just over 3% of Infoblox enterprise customers resolved at least one PeckBirdy C2 domain, with detection coverage on VirusTotal ranging from 13 detections to none.

Cyber Security News·Sep 16, 11:44 UTC · 1d agoThreat actor 2 sources

Fake IRS letters direct crypto holders to bogus compliance portal

Help Net Security·Aug 4, 00:00 UTC · Aug 4, 2026Phishing & fraud

Low-quality casino sites conceal highly dangerous threat actors

Infoblox reveals China-aligned APT groups hiding PeckBirdy malware C2 domains inside roughly 1.7 million Chinese-language illegal casino websites.

An Infoblox report says it tracks about 1.7 million Chinese-language casino sites enabling illegal gambling, some of which double as command-and-control infrastructure. China-aligned APT groups have hidden PeckBirdy framework C2 domains inside these low-quality casino sites since 2023, injecting scripts that display fake software update pages to deliver malware. Over 3 percent of Infoblox enterprise customers resolved at least one PeckBirdy C2 domain, and some sites rely on US cloud providers via 'infrastructure laundering.' Infoblox urges defenders not to dismiss casino-domain alerts as mere employee browsing violations.

The Register · Security·Sep 15, 19:38 UTC · 1d agoThreat actor in the wild1

OFAC Sanctions Chinese Scam Platform Xinbi Guarantee

US Treasury's OFAC sanctioned Chinese scam-platform Xinbi Guarantee, which processed $24bn+, and froze $52.8m in linked cryptoassets.

OFAC sanctioned Xinbi Guarantee, a Chinese-language marketplace connecting Southeast Asian scam centers and transnational crime syndicates to merchants offering financial services, technology and crypto exchange. Treasury estimates over $24bn processed since 2022, while TRM Labs estimates over $36bn, with daily inflows nearly doubling between May and December 2025. Two supporting entities were also sanctioned: SafeW Technology (Singapore) and Anwen Technology (Cambodia, maker of XinbiPay). The US Secret Service and Elliptic froze $52.8m in linked cryptoassets, and the marketplace now appears offline with its Telegram channels deleted.

Infosecurity Magazine·Sep 10, 08:00 UTC · 7d agoPolicy & legal1

Dramatic insider warnings over AI fall flat with some in Silicon Valley

Anthropic researcher Jacob Coxon's resignation warning of AI existential risk drew Silicon Valley skepticism, while Amodei called for slowing development and global regulation.

Coxon, 27, who left Anthropic saying AI builders are 'gambling with our lives' with systems that can 'hack anything', was backed by Anthropic team lead Evan Hubinger, who put extinction risk above 10% within a decade. Executives including Grindr CEO George Arison and Nvidia's Jensen Huang dismissed the warnings as hype, with Arison directing engineers to stop using Anthropic technology. Dario Amodei posted an essay calling for slower AI development and global regulation, while Senator Bernie Sanders co-sponsored the Ban Artificial Superintelligence Act proposing a temporary pause on advanced AI development.

Hacker News · security·Sep 13, 08:07 UTC · 4d agoAI safety & securityHN 20↑ · 19 comments

Hackers have withdrawn ~4k BTC (~$320M) from the Liquid Federation wallet

Hackers reportedly withdrew about 4,000 BTC (~$320 million) from the Liquid Federation wallet, according to a widely shared report on X.

A post on X reports that hackers withdrew roughly 4,000 BTC — valued near $320 million — from the Liquid Federation wallet. The source text provides no details on the compromise method, attribution, custody impact, or any organizational response. The story drew heavy attention on Hacker News (125 points, 86 comments), indicating broad community concern.

Hacker News · security·Sep 6, 22:43 UTC · 10d agoData breach in the wildHN 125↑ · 86 comments

Hackers drain $320M in Bitcoin from Liquid Network, claim they're the good guys

Attackers withdrew about 4,000 BTC (~$320M) from Liquid Network's federation wallet via a SideSwap peg-out, claiming whitehat status.

Hackers drained roughly $320 million in Bitcoin — about 4,000 BTC, 95% of holdings — from the federation wallet backing Blockstream's Liquid Network sidechain. The withdrawal occurred through SideSwap using its Peg-out Authorization Key (PAK), yet no PAK appears to have been compromised, and the exact mechanism remains under investigation. The actors embedded an on-chain message identifying themselves as whitehats, asked Blockstream to patch federation nodes first, and promised to return most of the funds after fixes are confirmed. Liquid disabled its bridge nodes and asked exchanges to suspend L-BTC deposits and withdrawals; other Liquid assets and the Bitcoin network were unaffected.

The Register · Security·Sep 7, 13:26 UTC · 10d agoExploit / PoC in the wild

AI compute provider Nscale is looking for $3.5B in pre-IPO financing

British AI compute provider Nscale seeks $3.5B pre-IPO via $1.5B convertible notes and $2B from Nvidia ahead of a possible September IPO.

Nscale, a British AI infrastructure company founded about two years ago, is reportedly in talks to raise $3.5 billion ahead of an IPO that could come as early as late September 2026: $1.5 billion in convertible notes plus $2 billion in financing from Nvidia. Nvidia previously joined Nscale's $1.1 billion Series B in March, led by Aker and billed as the largest Series B in European history, following a $155 million Series A in December 2024. Nscale recently signed an approximately $45 billion deal with Anthropic and has told investors it has roughly $103 billion in projected revenue based on signed customer leases.

TechCrunch · AI·Sep 4, 21:12 UTC · 12d agoAI industry

LLMs are real, AI is fake

Cory Doctorow argues the OpenAI chatbot 'hacking' of Hugging Face was a Python-scripted CTF loop, not autonomous AI.

In an opinion essay, Cory Doctorow debunks reports that OpenAI chatbots autonomously hacked Hugging Face servers during an 'Exploit Gym' capture-the-flag challenge. He explains the chatbot merely acts as a front-end queried by a Python program that replays commands drawn from CTF training data. He argues sensational 'AI went rogue' narratives are amplified by technical press and help AI companies raise investment capital.

Hacker News · AI·Sep 12, 13:47 UTC · 4d agoAI safety & securityHN 40↑ · 10 comments1

New Italian unicorn Exein rides the physical AI wave

Italian IoT-security startup Exein raised $270 million at a $1.7 billion valuation to build a security layer for physical AI and edge devices.

Rome-based Exein raised a $270 million round led by Headline at a $1.7 billion valuation, becoming Italy's new unicorn, with plans for M&A and US/APAC expansion. The company claims over 2 billion connected devices secured across aerospace, industrial automation, automotive, energy, healthcare, and semiconductors using its Photon kernel-level runtime protection. Exein is training a foundational model for physical AI security on machine telemetry, targeted for Q1 2027, and reports 400% year-on-year growth. The EU Cyber Resilience Act, whose reporting obligations began last week, is expected to further boost demand.

TechCrunch · Security·Sep 15, 12:19 UTC · 2d agoIndustry

Doctor Doom Thanked Seattle for All the Surveillance Cameras

Activist dressed as Doctor Doom urged Seattle's council to curb Axon and Flock surveillance after a committee voted to redirect $250,000 from CCTV expansion.

Clifford Cawthon, a policy advisor at the Washington State Department of Commerce, appeared at a Seattle Public Safety Committee meeting in costume as Doctor Doom to protest the city's expanding mass surveillance. He criticized Seattle PD's access to 62 cameras feeding an Axon real-time crime center that ingests CCTV, body camera, geolocation, ALPR, and dispatch data from vendors like Axon and Flock. His group Community Not Cameras submitted a petition with five demands, and a committee already voted to move $250,000 away from CCTV expansion pending full council approval.

404 Media·Sep 9, 19:25 UTC · 7d agoPolicy & legal

A $25 template helped scammers build hundreds of phantom bank domains

Allure Security researchers found 838 live phantom bank sites sharing a $25 template, built to lend credibility to investment and romance scams.

Allure Security researchers discovered roughly 2,200 domains presenting invented banks, of which 1,095 returned working pages and 838 contained a shared phrase. 97% of those retained parts of the $25 Cuex front-end template and 94% ran Laravel, with a misspelled 'Curreny Charts' heading on 90% of sites. The sites presented login pages, session cookies, and anti-forgery tokens consistent with a fraud model where scam contacts direct victims to fake financial portals. A leftover 'Remedy bank' title and form submission to remedycodes[.]site linked some sites to already-flagged fraud infrastructure.

Help Net Security·Aug 21, 00:00 UTC · 27d agoPhishing & fraud1

Mistral raises €3B as sovereign AI becomes big business

Mistral AI raised a €3B Series D at a €21B+ valuation, led by Samsung Electronics, to scale European compute capacity and sovereign AI services.

French AI lab Mistral AI raised €3 billion (~$3.58B) at a post-money valuation above €21 billion, which it calls the largest equity round ever completed by a European technology company. Samsung Electronics led the round, with EQT's Scaleup Europe Fund and PSG Equity as co-leads; a16z, Nvidia, Salesforce Ventures, Advent, BlackRock, and Luxembourg also participated. The company plans to build 1 GW of European compute capacity by 2030, offer region-selectable query processing, and host third-party open-weight models as part of a sovereign AI strategy. Mistral operates in 20 countries and targets governments and enterprises seeking control over AI models and data residency.

TechCrunch · AI·Sep 8, 14:17 UTC · 8d agoAI industry

Microsoft Teams Has Become a Haven for Scammers in China

Scammers in China are exploiting Microsoft Teams and Webex to trick Chinese victims into transferring large sums of money.

WIRED reports that fraudsters are abusing enterprise chat platforms including Microsoft Teams and Cisco Webex to run scams against victims in China. Victims are socially engineered into transferring large sums of money. The campaign has generated a wave of complaints, highlighting how scam groups abuse legitimate business communication tools.

WIRED · Security·Aug 28, 18:23 UTC · 19d agoPhishing & fraud in the wild

Meet Redis LangCache: A Managed Semantic Cache That Cuts LLM API Costs by Up to 90% and Returns Cache Hits Up to 15x Faster

Redis launches LangCache, a managed semantic cache matching LLM prompts by meaning, cutting API costs up to 90% and returning hits up to 15x faster.

Redis LangCache is a fully managed semantic caching service in public preview on Redis Cloud, accessed via a REST API with Python and JavaScript SDKs. It embeds incoming prompts, vector-searches stored entries, and returns a cached response when similarity clears a configured threshold, skipping the LLM call entirely. Redis claims up to 90% cost savings and up to 15x faster cache hits; a demo run showed 0.37 seconds versus 2.232 seconds direct inference (about 6x) with zero LLM tokens. Customer Mangoes.ai reports a 70% hit rate, 70% lower LLM spend, and 4x faster responses on a patient-care voice app.

MarkTechPost·Sep 10, 22:34 UTC · 6d agoAI tools & infra1

Exein Secures $270M at $1.7B Valuation for Physical AI Security

IoT security firm Exein raised $270 million at a $1.7 billion valuation to expand runtime protection and physical AI security agents.

Italy-based IoT security startup Exein announced a $270 million oversubscribed round led by Headline, bringing total funding above $600 million and valuing the company at $1.7 billion. Exein builds embedded and kernel-level runtime protection for IoT devices and is developing a proprietary foundation model for physical AI security powering autonomous defense agents. The funding will accelerate expansion, particularly into the US market.

SecurityWeek·Sep 15, 15:45 UTC · 1d agoIndustry