Nabil Luqman

0f9d2dd4f71434084e2b6094de1865e23abb37bb9f28ca51feeabee679ec9be2

Money

cryptocurrency

safety

bitcoin

security

digital currency

hack

white hat

A cryptocurrency hack has taken an unusual turn after an attacker stole around 4,000 Bitcoin worth approximately US$320 million from the Liquid Network, only to return most of the funds after the vulnerability behind the incident was patched.
The attacker, whose identity remains unknown, has been described by Liquid Network as a &ldquo;purported white-hat hacker&rdquo; &mdash; an ethical hacker who exploits security vulnerabilities to expose weaknesses rather than simply taking funds for personal gain.
While around 85% of the stolen Bitcoin has now been returned, roughly 598 BTC, worth about US$47 million, remains outstanding. The incident has also forced Liquid Network to pause activity while further security measures are put in place.
What Is Liquid Network?
&nbsp;<img src="https://r2.myc.my/9946993bb795285f9e9d336b1165664ebe7e79fd0112dc1d062f186edef2856f" />
Liquid Network is a Bitcoin sidechain developed by Blockstream and launched in 2018. It was designed to make Bitcoin transactions faster and more efficient, particularly for cryptocurrency exchanges and financial institutions that need to settle trades quickly.
The main Bitcoin blockchain can take time to confirm transactions, especially when the network is busy. Liquid works differently by allowing users to move Bitcoin into the network and receive an equivalent amount of Liquid Bitcoin (L-BTC), which can then be transferred more quickly.
The network is managed by the Liquid Federation, a group of more than 80 companies including cryptocurrency exchanges, infrastructure providers and other digital-asset businesses. Around 15 federation members operate the network&rsquo;s functionary nodes that play a key role in processing transactions.
How Did The Bitcoin Hack Happen?
<img src="https://r2.myc.my/e66b57c5de0ce94ec6b4360f9fc2277e91534d4df7557c282c4fba34f4e39ff2" />
The incident was not the result of a stolen password or compromised private key.
Instead, the attacker exploited a software vulnerability involving Elements, the open-source technology underpinning Liquid Network.
According to reports, the vulnerability allowed the attacker to generate around 4,000 L-BTC without first depositing the equivalent amount of real Bitcoin. The attacker then moved the newly created tokens through SideSwap, a legitimate platform used to convert L-BTC back into Bitcoin.
SideSwap processed the transaction as valid because it could not distinguish the artificially created L-BTC from legitimate tokens. The Liquid Federation subsequently released nearly 4,000 real BTC to the attacker.
Liquid said the transaction was authorised through its peg-out system and that the relevant cryptographic key itself had not been compromised. Other digital assets on the Liquid sidechain were not affected.
The Hacker Says They Are A &lsquo;White Hat&rsquo;
The story became even more unusual when the attacker began communicating with Liquid and Blockstream through messages recorded on the Bitcoin blockchain. The hacker reportedly told the network&rsquo;s maintainers to fix the vulnerability first and patch every affected node, promising to return the Bitcoin once the system had been secured.
That led to the attacker being described as a possible white-hat hacker. In cybersecurity, white-hat hackers may deliberately exploit vulnerabilities to demonstrate that a system can be breached, sometimes returning stolen assets after a fix or receiving a bounty for identifying the flaw.
However, the label remains unconfirmed, and the hacker&rsquo;s identity and motivations have not been established.
Around 3,400 Bitcoin Returned
<blockquote class="twitter-tweet">
Update: 3,400 BTC of the roughly 4,000 BTC withdrawn on September 6 has been returned to the <a href="https://x.com/Liquid_BTC?ref_src=twsrc%5Etfw">@Liquid_BTC</a> Federation wallet. The return followed confirmation from <a href="https://x.com/Blockstream?ref_src=twsrc%5Etfw">@Blockstream</a> that the affected bridge nodes have been patched. Approximately 598 BTC remains outstanding, and&hellip;
&mdash; Samson Mow (@Excellion) <a href="https://x.com/Excellion/status/2097060644977877433?ref_src=twsrc%5Etfw">September 7, 2026</a></blockquote>

<script async="" src="https://platform.x.com/widgets.js" charset="utf-8"></script>

The unusual promise was partially fulfilled after Blockstream said the affected bridge nodes had been patched.
Following confirmation of the fix, the attacker returned approximately 3,400 BTC to the Liquid Federation&rsquo;s wallet, leaving about 598.5 BTC, worth roughly US$47 million, still in the attacker&rsquo;s possession. Despite the return of most of the funds, Liquid Network has not immediately resumed normal activity.
The network remains paused while Blockstream and Federation members carry out additional fixes, address the wider security implications and prepare for a safer restart. Users have also been warned not to send Bitcoin to Liquid peg-in addresses until the network confirms that operations have resumed.
One Of The Biggest Crypto Heists Of 2026
<img src="https://r2.myc.my/425ad94fb3bf6902c78749214836873c531d689b69f53a2018cc6c28845eda22" />
The scale of the incident makes it one of the largest cryptocurrency thefts reported this year.
The attack also highlights a wider cybersecurity problem affecting the digital-asset industry. Blockchain security firm PeckShield recorded 50 major crypto hacks in August 2026, with total losses of around US$136.3 million. That was actually lower than July&rsquo;s losses despite the number of attacks increasing by 67%.
Liquid&rsquo;s case is particularly notable because the attackers did not simply gain access to a wallet and transfer existing funds. Instead, the vulnerability allowed fraudulent L-BTC to be generated and ultimately exchanged for genuine Bitcoin held in reserve.
Crypto Security Faces Another Major Test
The Liquid Network incident comes after several other high-profile cryptocurrency security breaches this year.
A separate vulnerability involving Coldcard hardware wallets led to hundreds of Bitcoin being drained from affected devices, while a South Korean government agency was also embarrassed after accidentally revealing a cryptocurrency wallet recovery phrase in a public photograph. The latter incident resulted in digital assets worth millions of dollars being moved from the wallet.
Together, these incidents show that cryptocurrency security risks can come from many different points &mdash; including software vulnerabilities, transaction infrastructure and even basic operational mistakes.
For Liquid Network, the immediate priority is now recovering the remaining funds and ensuring that the vulnerability cannot be exploited again.
What started as a US$320 million Bitcoin heist has therefore become one of the stranger crypto security stories of 2026: an attacker drained almost the entire reserve, demanded that the vulnerability be fixed, and then returned most of the stolen Bitcoin.
The twist may sound almost too convenient, but the remaining US$47 million serves as a reminder that, white hat or not, the incident is far from completely resolved.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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White hat or not, hacking into systems and taking funds isn’t something to copy. Always protect, report vulnerabilities and stay on the right side of the law.

301378b26d9450705ec699cc45a860d4b026803df6283d174e90233ba16f1d1d

Hacker Steals Around US$320 Million In Bitcoin Then Returns Most Of It

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Taiwan has suspended bilateral investment negotiations with Malaysia following Prime Minister Datuk Seri Anwar Ibrahim&rsquo;s remarks describing the island as part of China. The diplomatic setback comes as a separate controversy involving Nvidia CEO Jensen Huang and a Singapore-based company with Malaysian operations raises questions about advanced artificial intelligence (AI) chip supply chains.
The two developments have attracted attention simultaneously, but there is no confirmed evidence linking them. Taipei has attributed the suspension to Anwar&rsquo;s comments, while the Nvidia controversy concerns possible breaches of United States export controls.
Taiwan Suspends Investment Talks After Anwar&rsquo;s One China Remarks
<img src="https://r2.myc.my/8562c4011586b95b56bcca44e4a7107d8e6cb919d78953c1e7c8b75ae013587b" />
Taiwan&rsquo;s Ministry of Foreign Affairs confirmed on 10 November that it had temporarily suspended bilateral investment negotiations with Malaysia. The talks, scheduled for late October, were intended to advance cooperation and update a 1993 investment agreement.
The decision followed Anwar&rsquo;s August interview with Al Jazeera, during which he said he regarded Taiwan as part of China, in line with Malaysia&rsquo;s longstanding One China policy. He also compared a possible attempt by Taiwan to separate from China with a Malaysian state seeking to break away from the federation.
Taipei objected strongly, arguing that the remarks appeared to justify Beijing&rsquo;s position on the possible use of force against the self-governed island. Foreign Ministry spokesman Hsiao Kuang-wei said the suspension was intended to protect Taiwan&rsquo;s sovereignty, economic security and the interests of its investors.
Taiwan said it remained in communication with Malaysia and hoped conditions could be created for negotiations to resume.
Malaysia Reassures Taiwanese Investors
<img src="https://r2.myc.my/57d665c726b32dff22e4742d0460fc9f996502c078e545bdda6572d201b947ca" />
The suspension has raised concerns about whether diplomatic tensions could affect Malaysia&rsquo;s semiconductor industry, which has attracted significant investment from Taiwanese companies.
Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani said Malaysia valued its long-standing economic relationship with Taiwan and remained committed to providing a stable, business-friendly environment. He stressed that existing operations and investments had not been disrupted.
On 12 November, Anwar told Parliament there was no indication Taiwanese investors were withdrawing or withholding new investments. Malaysia remained open to investment in semiconductors, chips, AI and electrical and electronics.
He said Malaysia had requested the resumption of informal discussions through the Malaysia-Taiwan Economic Cooperation Committee.
The economic relationship remains substantial. Anwar said bilateral trade reached RM254.21 billion between January and September 2026, up 47.1 per cent year-on-year. Malaysian exports to Taiwan rose 88 per cent to RM116.58 billion, while imports increased 24.2 per cent to RM137.63 billion.
How The Nvidia Scandal Brings Malaysia Into The Spotlight
<img src="https://r2.myc.my/3ce526d34ab0c21c5a1f08b91f5e594d3c15907bb98feb50a80f4f1f6b062bf7" />
Separately, Malaysia has been drawn into scrutiny surrounding Nvidia CEO Jensen Huang and Megaspeed International, a Singapore-based cloud computing company that reportedly bought more than US$4.8 billion worth of Nvidia chips over two years.
Megaspeed has faced questions over whether advanced Nvidia processors were channelled to China in breach of US export restrictions. Its Malaysian subsidiary, Speedmatrix Sdn Bhd, has also come under attention after reports that it received more than 200 shipments of restricted technology between June 2024 and June 2025.
The controversy intensified after Huang admitted being unfaithful to his wife. Media reports identified the woman as Alice Huang, a former Megaspeed executive reportedly suspected by US authorities of having links to Chinese intelligence. They are not related.
The espionage allegations have not been independently verified by Reuters, and China has rejected them. Nvidia has launched an independent investigation into whether its chief executive was targeted by a foreign intelligence operation. The company&rsquo;s board has said it has no reason to believe US national security or its trade secrets were compromised.
A shareholder has also filed a proposed class-action lawsuit against Nvidia and Huang, alleging investors were misled about the relationship and its potential risks. The claims have not been proven.
MITI Says No Investigation Into Speedmatrix Yet
<img src="https://r2.myc.my/283628ccf1fb41832918fbf727a810289affd8c9e8bebb093c5e8d8044d4296d" />
Johari said Malaysia had not initiated an investigation into Speedmatrix because the ministry had not been presented with evidence that the company had breached Malaysian law.
He said credible evidence or a formal request from foreign authorities would be assessed under Malaysia&rsquo;s laws and procedures. However, he warned that the country would not allow itself to be used as a channel to circumvent export controls.
US export restrictions do not automatically become Malaysian law, but companies in global supply chains may still face scrutiny over restricted-chip movements.
What Could This Mean For Malaysia&rsquo;s Semiconductor Industry?
<img src="https://r2.myc.my/bd22f0b6baa1847a134aaf5d490f315dff4be437e7b68ccb9a1217c76dc5fe08" />
Taiwanese companies have invested heavily in Malaysia&rsquo;s electronics and semiconductor sectors, particularly in Penang. Existing operations are not expected to be immediately affected, but uncertainty could make investors more cautious about expansion.
Malaysia also competes with Vietnam and Thailand for high-value technology investments. Any loss of confidence could affect manufacturers and local suppliers.
There is currently no confirmation of Taiwanese investors withdrawing or Malaysian authorities finding wrongdoing by Speedmatrix. The developments nevertheless underline the importance of investor confidence and Malaysia&rsquo;s reputation as a trusted semiconductor hub.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Could these controversies shake investor confidence in Malaysia’s tech industry?

7ad5a281badd1bda5179ab9177c882cedda76045d8b4e8ee63497f3cb0f6d635

Taiwan Freezes Investment Talks With Malaysia As Nvidia Chip Scandal Raises Further Concerns

Former prime minister Datuk Seri Najib Razak may be serving the remainder of his prison sentence at his own residence, but his house arrest comes with strict conditions governing almost every aspect of his daily life. Home Minister Datuk Seri Saifuddin Nasution Ismail has outlined the restrictions in Parliament, clarifying who can live with Najib, whether he can receive visitors, what communication devices he may use and what could happen if he breaks the rules.
The explanation also clears up confusion surrounding claims that Najib would be separated from his family. Saifuddin confirmed that his immediate family is allowed to stay with him, although other individuals require written approval. The minister also revealed that Najib&rsquo;s request to use a second residence for his house arrest had been rejected.
Saifuddin Explains Najib&rsquo;s House Arrest Conditions
<img src="https://r2.myc.my/b55872de970423ec3ebb71767d2b9f7ac12d756a3e6b55ee75450bfbcbe276d5" />
In Parliament, Saifuddin said the conditional pardon order issued by the Federal Territories Pardons Board (FTPB) contains four broad categories of conditions: restrictions on residence and association; movement and visits; the use of telephones and telecommunications devices; and compulsory participation in rehabilitation and intervention programmes.
Najib must remain at his designated residence at No. 11, Jalan Langgak Duta, Kuala Lumpur. He cannot move to another house, building or premises without prior written permission.
The government has also rejected his request to include a second residence in the arrangement. Saifuddin said the Pardons Board had specifically identified Langgak Duta as the location for his house arrest, meaning the government could not approve an additional property.
The rules also specify who may live with Najib. His immediate family, including his wife, children, sons- and daughters-in-law, and grandchildren, are permitted to stay with him. Anyone outside that group requires prior written approval. Visitors are similarly prohibited unless written authorisation has been obtained.
Restrictions On Visitors, Phones And Public Activities
<img src="https://r2.myc.my/e4d53f97f10f0811e2de3f7e77e8f24a26e2ff1ac723b62d7eef21f05d01d2c4" />
Saifuddin said Najib may only use telephones and telecommunications devices registered with the Prisons Department.
He is also prohibited from speaking to the media, appearing on social media, attending public functions or participating in political activities.
Under the Prisons Act, the Prisons Department may impose additional supervision and control requirements. Saifuddin said the conditions were read to Najib two days before his transfer home.
If Najib breaches the conditions, he can be sent back to Kajang Prison or another prison designated by the Prisons Department&rsquo;s Commissioner General.
Claims About Family Living Arrangements Clarified
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Questions about Najib&rsquo;s family arrangements arose after Wanita Umno executive council member Datuk Nurulhidayah Ahmad Zahid, the daughter of Umno president Datuk Seri Ahmad Zahid Hamidi, made comments on Threads.
Nurulhidayah had claimed that Najib would not be allowed to live with his family and that his wife, Datin Seri Rosmah Mansor, would stay at a separate Pavilion residence. She also suggested that food deliveries would not be permitted and that meals would be determined by prison authorities.
However, Saifuddin&rsquo;s statement in Parliament clarified that Najib&rsquo;s immediate family is allowed to live with him under the terms of the Pardons Board&rsquo;s order. The restriction applies to other individuals, who need written permission to stay at the property.
The residence also became an online talking point after Google Maps search results appeared to label it &ldquo;Prison Mansion&rdquo; and &ldquo;Malaysian Prisons Department (Duta Branch)&rdquo;. It was unclear whether the listings were added by Google or submitted by users.
Malaysian Bar Files Legal Challenge
<img src="https://r2.myc.my/6fb6f444d0acd811ca9462e39f4f4840f53d5324e895daac370b2e5fb49b1b75" />
The house arrest arrangement is also facing a legal challenge. The Malaysian Bar filed an application for leave to seek a judicial review at the High Court on 10 November, naming the Federal Territories Pardons Board, the minister in the Prime Minister&rsquo;s Department for law and institutional reform, the Director-General of Prisons and Najib as respondents.
The Bar wants the decision declared invalid and the Pardons Board&rsquo;s proceedings quashed. It is also seeking a stay of the house arrest arrangement while the judicial review is heard, if leave is granted. The court has yet to rule on the application.
Why Is Najib Under House Arrest?
<img src="https://r2.myc.my/39f692d64c1346e8d612d0a94f25befeb056d2348fa3779553a7af5923d75427" />
Najib began serving the remainder of his six-year sentence for offences involving RM42 million in SRC International funds under house arrest at his Langgak Duta residence on 10 November 2026. The arrangement followed a conditional pardon granted by the Yang di-Pertuan Agong, Sultan Ibrahim, in September 2026, subject to payment of the RM50 million fine and compliance with the stipulated conditions.
The Federal Court upheld Najib&rsquo;s conviction in 2022, sentencing him to 12 years in prison and a RM210 million fine. Both were halved through a royal pardon in January 2024. His SRC sentence is due to end on 23 August 2028.
The house arrest order applies only to the SRC International case. It does not cover a separate 15-year prison sentence imposed in December 2025 following his conviction in a case involving RM2.3 billion in 1MDB funds. Najib is appealing that conviction.
Saifuddin said he would raise declassifying the Pardons Board meeting minutes at the next Cabinet meeting. For now, the conditions set out in Parliament provide the clearest public account of the restrictions governing Najib&rsquo;s house arrest, while the Malaysian Bar&rsquo;s legal challenge could determine whether the arrangement remains in place.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Living at home doesn't mean living without restrictions.

71ac2e0038c36f2d98333cdda0cecc7e15d8cf17fe52601d179f7ff33e122e57

Najib Razak’s House Arrest Conditions Revealed: Family Visits, Movement And Phone Restrictions Explained

Trevor Noah has wrapped up his two-night Malaysian debut at Idea Live Arena in Petaling Jaya, bringing his sharp brand of political and cultural comedy to local audiences on 9 and 10 November 2026. The sold-out shows marked a major stop on his Asia tour, but his visit also prompted a familiar question: how far can a comedian go with a joke in Malaysia, where comments touching on politics, race, religion or public figures can sometimes spark strong reactions?
That sensitivity appeared to be on Prime Minister Datuk Seri Anwar Ibrahim&rsquo;s mind when he met the South African comedian ahead of his second performance. In a light-hearted exchange, Anwar said he had offered Noah a few pointers on material that might work with Malaysian audiences, while joking that the comedian should not worry if anyone took offence. The Prime Minister even offered to help crowdfund a rescue if the jokes landed Noah in trouble.
Trevor Noah Makes His Malaysian Debut
<img src="https://r2.myc.my/23c0591999ada94b065c61adc63aafb49f6ff562ef41ff041c81678a55895470" />
Noah performed at Idea Live Arena on 9 November, with a second show added for 10 November after the original date sold out. Both performances were reported to have sold out, according to organiser LOL Asia. Organised by LOL Asia and BOHM, the shows were part of Noah&rsquo;s Trevor Noah Asia Tour 2026, which has also included destinations such as Singapore and Hong Kong.
The Malaysian dates marked Noah&rsquo;s first performances in the country. His appearance attracted attention because political satire is central to his comedy, while jokes about public figures and current affairs can sometimes provoke strong reactions in Malaysia.
Who Is Trevor Noah?
<img src="https://r2.myc.my/6954d9189b5851c6fe5e22708853b3beaee9ae6fee3924e5fccb57931919e13b" />
Trevor Noah is a South African comedian, television presenter, writer and producer who rose to international prominence as the host of American satirical news programme The Daily Show. He took over the role in 2015, succeeding Jon Stewart, and remained at the helm until 2022.
During his seven-year tenure, Noah developed a global following for his commentary on politics, world events and cultural differences. His ability to approach complex issues through humour, while drawing on his own experiences and perspective, helped make him one of the best-known figures in American late-night television.
<iframe src="https://www.youtube.com/embed/coqK4cf5akc" width="560" height="314" allowfullscreen="allowfullscreen"></iframe>
Before his international breakthrough, Noah had established a career in South Africa as a stand-up comedian and television personality. The Daily Show later introduced him to viewers well beyond the comedy circuit.
Since leaving the programme, Noah has continued performing stand-up internationally, releasing comedy specials and touring around the world. He is also the author of the bestselling memoir Born a Crime: Stories From a South African Childhood, which recounts his upbringing during apartheid. The book was widely praised for combining personal stories with humour and reflections on race, identity and inequality.
His career has extended beyond stand-up and television. Noah hosted the Grammy Awards for six consecutive years and currently hosts the podcast What Now? With Trevor Noah, where he speaks with guests about culture, politics and personal experiences.
Anwar Jokes About Crowdfunding Noah If His Jokes Cause Trouble
&nbsp;<img src="https://r2.myc.my/b6d4df1f84650a4055b08d827ef36ab48a4ee509538eebff08d77ff6a04bc1b4" />
Ahead of Noah&rsquo;s second show on 10 November, Anwar welcomed the comedian to the Prime Minister&rsquo;s Office in Putrajaya. The two discussed politics, humour and various stories, with the Prime Minister describing the meeting as one filled with laughter.
In a <a href="https://www.facebook.com/anwaribrahimofficial/posts/pfbid02NrAAiWMW7UARKmHn3d5u14PsPtbYbLEKWjk9Zp6WDA7bv2Xpc4t3meX5tyYCvCUBl">Facebook post</a> sharing photographs of their meeting, Anwar said he had offered Noah some suggestions about the kind of jokes he could bring to the stage that evening.
&ldquo;I also managed to share a few tips on material that might be suitable for tonight&rsquo;s performance. Hopefully no one takes offence!&rdquo; Anwar wrote.
He then delivered the line that caught the attention of social media users, reassuring Noah that he would not be left to deal with any backlash alone.
&ldquo;In any case, don&rsquo;t worry, Trevor. If anything happens tonight, we&rsquo;ll all chip in and crowdfund together!&rdquo; he added.
Anwar also shared a video from the meeting, which included a moment when Noah said &ldquo;lawan tetap lawan&rdquo;, a phrase commonly associated with Malaysian political rhetoric.
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A Timely Crowdfunding Joke
&nbsp;<img src="https://r2.myc.my/ead782437e6ca9d9ac9e88095a7342772ce70167bf7aac5e506a1603d9ec30b8" />
The Prime Minister&rsquo;s remark appeared to be a playful reference to a recent crowdfunding effort linked to former prime minister Datuk Seri Najib Razak. In September, the Najib Razak Solidarity Fund was launched, with contributions later used by Umno to settle the RM50 million fine imposed on its former president.
The timing gave Anwar&rsquo;s joke an added local political reference, although he did not explicitly name Najib or the fundraising campaign in his post. Instead, he kept the exchange light, using the crowdfunding line as a humorous assurance in case Noah&rsquo;s material upset anyone.
The meeting offered a glimpse of the comedian&rsquo;s interaction with Malaysia&rsquo;s political leadership just before he took the stage. For Noah, the two sold-out performances marked his first visit to Malaysia as part of his 2026 Asia tour. For local audiences, Anwar&rsquo;s joke added another talking point to a visit that brought one of the world&rsquo;s most recognisable political comedians to Petaling Jaya.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Anwar had some advice for Trevor Noah, but his final joke stole the show.

9dcfff2d94eec5aecb081a7afa30bb48a0638e833980b3eb63ae1bea4917677a

Anwar Jokes That Malaysia Will Crowdfund Trevor Noah If His Jokes Cause Him Trouble

Nvidia CEO Jensen Huang has admitted to having an extramarital affair, as the company faces scrutiny over reports that the woman he was involved with was suspected by US intelligence officials of having links to Chinese intelligence.
The controversy has raised questions about national security, Nvidia&rsquo;s business dealings and disclosures to investors. The woman has been identified in media reports as Alice Huang, also known as Huang Le. She is not related to Jensen Huang.
Neither the alleged espionage nor any transfer of confidential information has been established publicly. China has rejected the accusations, while Nvidia&rsquo;s board has launched an independent investigation.
Who Is Alice Huang?
&nbsp;<img src="https://r2.myc.my/f678cd48a24274158df6305fa8f01326d9ec172a760d7ee05396284bee3f99f0" />
Alice Huang has been described as a Chinese businesswoman and former senior executive at Megaspeed, a Singapore-based data centre company that rents computing capacity powered by Nvidia chips.
Online profiles associated with her name list previous roles at China Central Television (CCTV), Hunan TV and HSBC, as well as a senior position at Shanghai-based Hexi Capital. However, her employment history remains unverified. Agence France-Presse (AFP) said it could not confirm the contents or origin of one profile.
Alice&rsquo;s name attracted attention because of Megaspeed&rsquo;s business with Nvidia. Reports said the company purchased billions of dollars&rsquo; worth of Nvidia hardware, with VnExpress citing purchases exceeding US$4.8 billion over two years.
Megaspeed has also faced allegations that advanced Nvidia chips supplied to data centres in Southeast Asia may have been diverted to China, potentially breaching US export controls. The company has denied wrongdoing and rejected claims that it was involved in illegal chip transfers.
Reported Relationship With Nvidia&rsquo;s Jensen Huang
<img src="https://r2.myc.my/2b2919654e7947b8ff5d764b1e39311202691d6c1fe5e4de32c8e85c6a9855c1" />
Photographs and footage reportedly showed the pair together in Taiwan, including at a Taipei restaurant during Computex in May 2025. Video appeared to show Alice kissing Jensen on the cheek, while other images of them later circulated on Chinese social media.
The New York Times and The Wall Street Journal reported that US intelligence officials suspected Alice of having links to China&rsquo;s Ministry of State Security and potentially gathering information about Jensen and Nvidia. The alleged objective may have included gaining insight into the company and influencing its position on sales of advanced AI chips to China.
These remain intelligence allegations, not established findings. Beijing has rejected them. Chinese Foreign Ministry spokesman Guo Jiakun described the portrayal of Alice as a spy as baseless vilification and smearing.
Jensen Huang Admits To Affair And Apologises
<img src="https://r2.myc.my/173d5f24d491af0439b6128921c345433f5a53a70af3a44bf3edd07827d56f01" />
In a message to Nvidia employees on 8 November, Jensen acknowledged that he had been unfaithful to his wife, Lori Huang, whom he married in 1985. He apologised to his family, colleagues, the company&rsquo;s board, business partners and shareholders.
He said his actions had hurt his wife and children, accepted responsibility and asked that his family be given privacy. He also reaffirmed his commitment to Nvidia.
Jensen did not identify the woman involved. However, he said he supported the board&rsquo;s investigation into the national security concerns raised in media reports and would co-operate fully.
US President Donald Trump said on 9 November that he had spoken to Jensen, who told him he had no idea the woman was allegedly a spy. Trump said he believed the CEO&rsquo;s account and added that the FBI was looking into the matter.
Nvidia Launches Independent Investigation
<img src="https://r2.myc.my/3ec125aca8f8196b7cc8575f3edd71102bfcf1cb463a3df8ec3ec13597dc1ca1" />
Nvidia&rsquo;s board announced on 8 November that a committee of independent directors, assisted by external legal counsel, would investigate reports that Jensen had been the target of a foreign intelligence effort.
The board said it had no reason to believe US national security or Nvidia&rsquo;s trade secrets had been compromised, but would examine all available information. It also expressed confidence in Jensen and his leadership team.
The issue has attracted attention because Nvidia is a major supplier of chips used to train and run artificial intelligence systems. US restrictions on exports of advanced semiconductors to China have made the company&rsquo;s overseas sales particularly sensitive.
Jensen has also become an influential voice in Washington&rsquo;s AI and semiconductor discussions, including talks with the Trump administration about chip exports to China. The allegations have raised questions about whether the reported relationship could have exposed sensitive business or policy information, although no such disclosure has been confirmed.
Nvidia Shares Fall As Shareholders File Lawsuit
&nbsp;<img src="https://r2.myc.my/44dae74d4cd250779a72542d4c23f08d0db0ac729350fd13d354edf1149b0ea1" />
Nvidia&rsquo;s shares fell about 4.3 per cent on 9 November, wiping approximately US$190 billion from its market value, according to reports.
A proposed class-action lawsuit was filed against Nvidia and Jensen in federal court in San Jose, California, on the same day. Shareholders accuse the company and its CEO of misleading investors by failing to disclose information about the alleged relationship and the potential risks to Nvidia&rsquo;s reputation and business prospects.
The lawsuit seeks unspecified damages. Its claims have not been proven, and Nvidia had not immediately responded to a request for comment at the time of reporting.
The board&rsquo;s investigation will now be central to determining whether the reported relationship created risks for Nvidia. Until the available evidence is examined, claims of espionage or compromised company information should be treated as allegations rather than fact.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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An alleged espionage link has put one of the world's biggest AI companies under scrutiny.

2ecf09ca8fdeb2f2244238c896fb120e11949723c43b9f19d986071a5955f861

Nvidia CEO Jensen Huang Admits Affair As Board Investigates Alleged Chinese Spy Links

British actor Riz Ahmed has revealed that he gained so much weight while enjoying Malaysian food during a film shoot in Penang that the production team had to refit his costumes. The Emmy-winning star made the admission during an appearance on the Dish from Waitrose podcast, where he spoke about his appreciation for Malaysia&rsquo;s diverse food culture and the dishes he tried during his stay.
Ahmed, 43, joked that his love of local cuisine had left a noticeable mark on his wardrobe, particularly his trousers. Despite the extra work required to adjust his costumes, however, the actor made it clear that he had no regrets about indulging in the food.
Riz Ahmed Praises Malaysia&rsquo;s Diverse Food Culture
During the podcast, hosted by broadcaster Nick Grimshaw and Michelin-starred chef Angela Hartnett, Ahmed was asked whether he was a fan of Malaysian food.
He explained that one of the things he enjoyed most about the cuisine was the way it brings together influences from different culinary traditions, including Indonesian, Indian, Chinese and distinctly Malay flavours.
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&ldquo;What I like about Malaysian food is, it&rsquo;s Indonesian food, Indian food, obviously its own kind of Malay flavours and Chinese food, all kind of thrown together. So you get this amazing mix of stuff,&rdquo; he said.
Ahmed also highlighted combinations such as roti served with rendang, describing the dishes as familiar favourites with a Malaysian twist. He mentioned nasi goreng as another example of the food he enjoyed, although he was particularly enthusiastic about the variety created by the country&rsquo;s mix of influences.
The actor then shared how much he had eaten during his time in Malaysia, joking that the production had to make significant changes to his wardrobe.
&ldquo;I gotta tell you, I put on so much weight there they had to refit my costume... Literally they had to redo my trousers, they had to do the whole thing,&rdquo; he said.
While the comment prompted a light-hearted moment during the conversation, Ahmed was not complaining about the experience. He said he had &ldquo;no regrets&rdquo;, suggesting that the food had been well worth the wardrobe adjustments.
Why Was Riz Ahmed In Penang?
&nbsp;<img src="https://r2.myc.my/b21e505de1f0efa701e9780b5dee43d9e5a692180a6299c69ea0ef0f9480b03a" />
Ahmed was in Malaysia during the summer while filming scenes for The Big Fix, a Netflix crime thriller starring Mark Wahlberg. The production spent part of July in Penang, with filming taking place at several locations around the state.
Directed by Baltasar Korm&aacute;kur, The Big Fix is inspired by a true story and follows a former Interpol officer who uncovers an international football match-fixing operation. The crime thriller centres on an investigation into corruption within the world of professional football.
The cast also includes US-based Malaysian actress Nuha Jes Izman, Singaporean actor Chin Han and Indian actor Vipin Sharma. The project brought an international production and several familiar screen names to Penang, drawing attention to the state as a filming destination.
The Big Fix Brings International Film Production To Penang
<img src="https://r2.myc.my/77ae4e32e10acd36458f2ae1fcfae01593ab47899a31b48702d164221c08bf69" />
Read: <a href="https://myc.my/articles/5176/mark-wahlberg-and-riz-ahmed-spotted-filming-netflix-thriller-the-big-fix-in-penang">Mark Wahlberg &amp; Riz Ahmed Spotted Filming Netflix Thriller &lsquo;The Big Fix&rsquo; In Penang</a>
The production&rsquo;s presence in Penang was more than a brief visit. According to information shared by local authorities, the Penang Island City Council granted a filming permit covering the period from 1 to 31 July.
Penang state executive councillor for tourism and creative economy Wong Hon Wai said early scenes were filmed at several recognisable locations, including Jawi Peranakan Mansion, Cheong Fatt Tze &ndash; also known as the Blue Mansion &ndash; Lorong Ikan and Penang City Stadium. Batu Kawan Stadium was also listed as a location for subsequent filming.
The scale of the production attracted visits from Communications Minister Datuk Seri Fahmi Fadzil and National Film Development Corporation Malaysia (FINAS) chairman Datuk Hans Isaac, who were seen at the set.
Wong said productions of this scale could help promote Penang internationally, particularly through exposure on a major streaming platform such as Netflix. Film crews working at local landmarks and public spaces can also introduce overseas audiences to the state&rsquo;s architecture, heritage and surroundings.
Clips and photographs from the shoot circulated on social media during production. Among the footage shared online were scenes showing Wahlberg walking through a bazaar and arriving at a shop, giving Malaysians a glimpse of the filming taking place around the state.
The Penang Island City Council also said it had approved six local and international film productions that year, reflecting the range of projects using the state as a filming location.
Who Is Riz Ahmed?
<img src="https://r2.myc.my/31fd39d8e17779331de6f94e05c00931489c1d3fe8d0896828ff64d99e93f8e5" />
Ahmed is a British-Pakistani actor, writer and rapper who has built an international career across film and television. He won a Primetime Emmy Award for his performance in the crime drama The Night Of and received an Academy Award nomination for Best Actor for his role in Sound of Metal.
His other screen credits include Rogue One: A Star Wars Story and Venom. Alongside acting, he has also pursued music and writing, earning recognition for work that spans several creative fields.
His appearance on Dish from Waitrose gave audiences a more personal glimpse of his time in Malaysia, with the conversation moving beyond his film work to the food he enjoyed while shooting in Penang.
For Ahmed, the visit appears to have left a particularly memorable impression on his appetite &ndash; even if his costumes needed a little extra room afterwards.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Malaysia’s food was so good, even Hollywood had to make room!

c73d6ba27ffed31b98dbb08a531869a2275085f43dacb36561d5db73431c89d4

Riz Ahmed Says Malaysian Food Made Him Gain So Much Weight That His Costumes Had To Be Refit

The government has announced a 50% toll discount for motorists travelling on 6 and 7 November 2026 in conjunction with Deepavali, giving Malaysians an opportunity to save on their journeys during the festive period.
The discount will be available from 12.00am on Friday, 6 November, until 11.59pm on Saturday, 7 November. Deepavali falls on Sunday, 8 November, and the initiative is intended to ease travel expenses for people returning to their hometowns or visiting family and friends.
Works Minister Datuk Seri Alexander Nanta Linggi said the government expects to spend approximately RM20.11 million to compensate participating highway concessionaires for the reduced toll collection. The amount will be borne by the government, subject to verification of traffic data after the implementation.
Which Vehicles Are Eligible For The 50% Toll Discount?
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The 50% toll discount applies to Class 1 private vehicles at all toll plazas nationwide. Class 2 vehicles travelling across the Penang Bridge are also eligible for the reduced rate.
However, motorists should take note that the discount does not cover two toll plazas located at Malaysia&rsquo;s southern border crossings. These are the Bangunan Sultan Iskandar (BSI) Toll Plaza on the North-South Expressway (PLUS) and the Tanjung Kupang Toll Plaza on the Malaysia-Singapore Second Link (LINKEDUA).
Drivers using either of these two toll plazas will continue to pay the usual toll charges. The discount is also limited to the stated two-day period, so motorists travelling outside the eligible hours should expect normal rates.
The Works Ministry, through the Malaysian Highway Authority (LLM), will coordinate the implementation with the highway concessionaires involved to ensure eligible road users receive the discount.
Government Allocates RM20.11 Million For Festive Toll Relie 
<img src="https://r2.myc.my/f278e5257afd7b795690cc703e80ad559f0fa9ccbdd3f67a08d9c16d97d1937f" />
Nanta said the initiative reflects the government&rsquo;s commitment to easing the cost of living and supporting Malaysians during major festive periods, regardless of race, religion or belief.
He added that the discount is particularly intended to help members of the Hindu community travelling home or making visits to relatives to celebrate Deepavali. The government hopes the savings will allow families to spend more time together while reducing some of the expenses associated with festive travel.
The two-day discount comes as authorities prepare for heavier traffic on major highways. The Malaysian Highway Authority is expecting around 3.28 million vehicles to use the main highways during the Deepavali holiday period, according to figures cited in local reports.
Motorists are therefore encouraged to plan their journeys early and avoid peak travel periods where possible. Drivers should also ensure that their Touch &lsquo;n Go cards and eWallets have sufficient balance before setting off, particularly as the discount does not mean toll payments are waived entirely.
Free Penang Ferry Rides On Deepavali
&nbsp;<img src="https://r2.myc.my/ba4f6657365b83b8157f29859172ea408030bbd089188022a16ec3849e369866" />
In a separate festive initiative, Malaysians travelling in Penang can also look forward to free ferry rides on Sunday, 8 November, in conjunction with Deepavali.
The Penang Port Commission (PPC) and Penang Port Sdn Bhd (PPSB) will offer complimentary ferry services to Malaysian passengers travelling from Sultan Abdul Halim Ferry Terminal in Butterworth to Raja Tun Uda Ferry Terminal in George Town, and vice versa.
PPC chairman Datuk Yeoh Soon Hin said the free service will operate according to the latest ferry schedule. Passengers are advised to check the commission&rsquo;s and operator&rsquo;s official websites and social media channels for updated service information before travelling.
The initiative is intended to make travel more convenient during the festive period and help ease congestion in Penang. It also gives residents and visitors another way to move between the mainland and the island without paying the usual passenger fare.
Motorists Urged To Plan Ahead And Drive Safely
<img src="https://r2.myc.my/1cc4d4f72f9dce99b13d389d2a986f813cc3662dd623ad430a0cdc5057af6371" />
With more people expected to travel over the Deepavali weekend, Nanta reminded motorists to prioritise road safety throughout their journeys.
Drivers should observe posted speed limits, maintain a safe distance from vehicles ahead and take sufficient breaks to avoid fatigue, especially when travelling long distances. They are also encouraged to check the latest traffic updates and highway incident reports through the Malaysian Highway Authority&rsquo;s official channels before and during their trips.
The Works Ministry has extended its Deepavali greetings to the Hindu community, expressing hope that the Festival of Lights will bring joy, prosperity and harmony while strengthening unity among Malaysians.
For those taking advantage of the toll discount, the reminder is simple: plan your journey, check your payment balance and drive carefully. The savings may make the trip more affordable, but arriving safely remains the most important part of the festive journey.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Cheaper tolls and free Penang ferry rides. A little Deepavali travel treat!

df8dc4104e5ece27c063b05871dd4a885f2207114925aa213d67c781ca9d9536

Deepavali 2026: Malaysians Enjoy 50% Toll Discount On 6 And 7 November

Binance is in discussions with Malaysian regulators about securing a licence to operate in the country, potentially paving the way for the cryptocurrency exchange to return more than five years after it was ordered to stop its local operations.
A spokesperson for Binance confirmed that the company has been engaging the Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM) over the past 10 months to explore a licensed route for offering its products and services to Malaysians.
Speaking to Bloomberg, the spokesperson said the discussions were focused on the viability and structure of a licensed business model. However, Binance has not disclosed which specific licence it is seeking, and there has been no announcement that regulatory approval has been granted.
The talks mark a possible step towards re-establishing the exchange&rsquo;s presence in Malaysia, where access to its website and mobile applications remains blocked.
Binance&rsquo;s regulatory history in Malaysia
<img src="https://r2.myc.my/43543d1d937790f2cc741552bc86c524ea505b984ca80220646c2aa51e4e09b3" />
Binance&rsquo;s previous operations in Malaysia were halted in July 2021, when the SC ordered the exchange to cease operating after finding that it was running a digital asset exchange without the required authorisation.
The regulator also directed Binance to stop all media and marketing activities in the country and restricted Malaysian investors from accessing its Telegram group. The action formed part of efforts to ensure that digital asset trading platforms operating locally comply with Malaysia&rsquo;s regulatory framework.
Although the SC removed Binance from its Investor Alert List in 2024, the exchange was added back to the list on 8 October 2026, without a public explanation for the decision, according to the reports.
The Ministry of Finance also confirmed in July that Binance remained unlicensed in Malaysia and that its website and applications were still blocked. The latest discussions therefore do not mean the exchange is currently authorised to provide services to Malaysian users.
For a formal return, Binance would need to satisfy the relevant regulatory requirements and obtain the necessary approvals. Malaysia&rsquo;s digital asset market already includes locally registered operators, with Luno among the established platforms serving consumers.
P2P trading platform draws scrutiny over ringgit transactions
&nbsp;<img src="https://r2.myc.my/d29ea830276c7e6ec9e4dc584b347e94ef2395ba3f6941760a03fde4a3a79836" />
Alongside its licensing discussions, Binance has faced questions about transactions on its peer-to-peer (P2P) marketplace and whether foreign-currency listings could be used to facilitate trades involving the ringgit.
In September, former finance minister and DAP chairman Lim Guan Eng wrote to the SC asking it to investigate whether Binance&rsquo;s P2P platform was enabling ringgit transactions through advertisements listed under other currency denominations. His office released the letter on 31 October, citing the exchange&rsquo;s recently reported security incident.
Binance said it had voluntarily disabled a specific Papua New Guinea kina marketplace after identifying that it was unofficially pegged to the ringgit. The company described the move as part of its engagement with the SC.
It also addressed a separate complaint involving an advertisement placed by a non-Malaysian user on its Romanian leu marketplace. Binance characterised this as an isolated case and maintained that no other products on its platform were pegged to the ringgit or offered as substitutes for the Malaysian currency.
The exchange acknowledged that no platform could completely prevent individuals from attempting to bypass marketplace rules. However, it rejected the suggestion that the incidents demonstrated a sustained effort to circumvent Malaysian law, saying it took the concerns seriously.
US$6.3 billion security incident adds to scrutiny
<img src="https://r2.myc.my/4f494f3208ae77f90448731b9e0aedb29bf8a515e3273a2973b3b7c2ee4af2ae" />
The renewed regulatory discussions come as Binance faces international scrutiny following a major security breach reported in late October. The incident involved digital assets valued at approximately US$6.3 billion (around RM25.6 billion), making it one of the largest reported security incidents in the cryptocurrency sector.
Binance said it had found no evidence that users&rsquo; wallet private keys had been leaked and maintained that customer funds remained safe. The exchange pledged to cover losses through its Secure Asset Fund for Users (SAFU) and corporate reserves. Reports also said that around US$3 billion (approximately RM12.2 billion) in affected assets had been frozen through cooperation with blockchain partners.
The incident has raised further questions about the security measures and safeguards used by major cryptocurrency platforms, particularly as regulators assess the risks associated with digital asset trading and custody.
No confirmation of Binance&rsquo;s return yet
<img src="https://r2.myc.my/ae673066e003c2ce688a89bed6a17e2aa6fc3fdefe21c92e604e9ad010b7cbce" />
Binance has reiterated that it remains committed to working with Malaysian regulators to offer its services in line with local requirements. However, the outcome of its discussions with the SC and BNM remains uncertain.
Until the necessary approvals are secured and any official announcement is made, Malaysian users should not interpret the talks as confirmation that Binance can legally resume local operations.
The exchange&rsquo;s potential return will depend on whether it can meet Malaysia&rsquo;s regulatory expectations, address concerns surrounding its P2P marketplace and demonstrate that it has appropriate safeguards for protecting users and their assets.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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A familiar name in crypto, but can it win back trust and confidence?

47986c5adf595c2b8015d9d00f360ce5d911fa3f6f822e046ec2d194aa2606e9

Binance In Talks With Malaysian Regulators To Secure Licence After Five-Year Absence

Malaysians travelling to mainland China, Hong Kong, South Korea, the Philippines and Laos can now make QR payments at participating merchants using supported Malaysian mobile banking apps. The new service, launched by Payments Network Malaysia Sdn Bhd (PayNet) through Ant International&rsquo;s Alipay+ platform, means travellers can pay directly through their existing banking app without downloading another application or signing up for an Alipay+ account.
At launch, the service is available through Maybank, CIMB and Hong Leong Bank, while Bank Islam is expected to join soon. PayNet says the service will be expanded progressively to more overseas destinations and may also be adopted by other participating banks and e-wallet providers.
How to Make Overseas DuitNow QR Payments
&nbsp;<img src="https://r2.myc.my/30170fa6e415fd999a95e15491af4230ba9c3ccc927be721add18b9ef64031b6" />
The payment process is intended to be as straightforward as using DuitNow QR at home. At a participating business displaying the Alipay+ logo, customers open the QR payment function in their Malaysian banking app and scan the merchant&rsquo;s QR code. They can then review the transaction details and confirm the payment within the same app.
Travellers do not need to download a separate app or create an Alipay+ account. However, the service currently works by customers scanning the merchant&rsquo;s QR code; it does not support the reverse arrangement in which a merchant scans a QR code displayed on the customer&rsquo;s phone. Users should check that their bank supports the feature and look for the Alipay+ logo before attempting to pay.
PayNet Extends Its Partnership with Alipay+
<img src="https://r2.myc.my/9de99645e04606afb9b28a599a7a1d7aa6b40ba995b7ded0d878e955315234cd" />
The launch builds on an existing partnership between PayNet and Ant International. Since November 2023, travellers using supported Alipay+ partner wallets have been able to pay at DuitNow QR merchants in Malaysia. That arrangement has helped local businesses, including small and medium-sized enterprises, accept payments from international visitors using participating overseas wallets.
The new outbound service extends the connection in the other direction, enabling customers of participating Malaysian banks to pay at Alipay+-supported merchants abroad. Rather than requiring travellers to learn a new payment system or register for another digital wallet, the feature uses the banking apps they already have.
PayNet chief executive officer Praveen Rajan said cross-border payments should feel as familiar as paying at home. He added that collaboration between financial institutions and international payment partners can extend Malaysia&rsquo;s national payment infrastructure beyond its borders, make spending across borders easier and strengthen the country&rsquo;s economic links with the region.
The initiative also aligns with Bank Negara Malaysia&rsquo;s broader vision for cross-border payments that are faster, more efficient and inclusive.
Cross-Border QR Payments Continue to Grow
<img src="https://r2.myc.my/2a9c025e437b8b59c5c1d4c273be1ee3f5c1d15506c38c1f81a8cd26421b9a70" />
The expansion comes amid a sharp rise in cross-border payment activity. PayNet recorded nearly 30 million cross-border transactions in 2025, approximately 150% more than in 2024. Transactions linked to mainland China accounted for much of that growth, according to the company.
Alipay+ connects more than two billion user accounts through over 50 international payment partners, with more than 150 million merchants across over 210 markets, according to Ant International. The network gives connected payment services a wider reach, although the new DuitNow QR feature is only available at participating merchants in the five destinations announced at launch.
DuitNow QR is already interoperable with payment schemes in Singapore, Thailand, Indonesia and Cambodia, allowing participating users to make cross-border payments in those markets. The latest Alipay+ launch is a separate expansion that brings outbound access through supported Malaysian banking apps to the five newly announced destinations.
PayNet will continue working with financial institutions and regional partners to bring the service to more apps and markets. Other PayNet-participating banks and e-wallet providers can also adopt the outbound QR capability, potentially allowing more Malaysians to make overseas payments through services they already use.
For travellers, the main benefit is convenience: in supported destinations, eligible users can pay by scanning a participating merchant&rsquo;s QR code through their Malaysian banking app. Before travelling, customers should confirm availability with their bank and remember that acceptance depends on the merchant displaying the Alipay+ logo.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Cashless travel just got easier for Malaysians.

409518d772e9cbd0393d4e339807d6b18ab08d18b18719241077579bfd085722

Malaysians Can Now Use DuitNow QR To Pay In Five Overseas Destinations

Malaysia has recorded its highest-ever score in the Economic Freedom of the World index since it was introduced in 1970, although the country has slipped two places in the global rankings as other economies made faster progress.
According to the Center for Market Education (CME), Malaysia scored 7.57 out of 10 in the Economic Freedom of the World: 2026 Annual Report, improving slightly from 7.55 previously. Despite the record score, Malaysia fell from 33rd to 35th place among 165 countries and jurisdictions assessed.
In a statement issued on Monday, 19 October, the think tank said Malaysia's economic freedom had improved considerably since the beginning of the century. However, it warned that the latest ranking should not be a reason for complacency, particularly as other countries continue to implement reforms at a faster pace.
Malaysia Remains ASEAN's Second-Freest Economy
<img src="https://r2.myc.my/8afca5035a0d0b9972cef6b39abed3b1b25a2242bcf4ad10b2ed6e72a6f3234c" />
Despite its decline in the global rankings, Malaysia remains the second-freest economy in ASEAN, trailing only Singapore, which secured third place worldwide with a score of 8.43.
Malaysia continues to rank ahead of several regional economies, including Thailand in 57th place, Brunei and the Philippines in joint 61st place, and Indonesia in 72nd place.
Globally, Hong Kong topped the index with a score of 8.53, followed by Switzerland, Singapore, New Zealand and the United States.
Malaysia's score is also above the regional average of 6.99, indicating that the country's overall economic freedom remains relatively strong compared with its regional counterparts.
Nevertheless, the two-place drop highlights the difference between improving a country's own performance and keeping pace with other economies. Although Malaysia achieved a higher score, other countries made sufficient progress to overtake it in the rankings.
Malaysia's Economic Freedom Has Recovered Since the Asian Financial Crisis
&nbsp;<img src="https://r2.myc.my/f5efc3d20acd87b90e8ec65ca8a5facac8f825db5aaf4bd93400351a81f384e5" />
The CME noted that Malaysia has made considerable progress since the economic difficulties experienced during the Asian financial crisis.
According to the report, Malaysia scored 6.99 and ranked 36th in 1995 before its score fell to 6.12 in 2002 following the financial crisis, capital controls and policy disruptions.
The country's position deteriorated further, reaching 97th place in 2009. However, Malaysia has gradually improved its standing since then, reflecting its longer-term progress in economic freedom.
The latest score of 7.57 marks its strongest performance since the index was established, suggesting that Malaysia has made significant gains over the decades despite facing economic and policy challenges along the way.
The improvement also reinforces Malaysia's position as one of Southeast Asia's more economically open economies, although the latest ranking suggests there is still room for further reform.
Government Ownership Remains a Key Concern
&nbsp;<img src="https://r2.myc.my/f4d57510cb73caddb9a44fc4b7cd4032798a83df8448a27e7035f76a4597605b" />
CME chief executive officer Dr Carmelo Ferlito said Malaysia's monetary stability and relatively flexible labour market remained important strengths supporting its economic performance.
However, he warned that the government's extensive involvement in commercial activities continued to present a challenge.
According to Ferlito, government-linked companies (GLCs) and state-owned banks account for a substantial state presence in the economy, which he described as among the heaviest in the world.
He also raised concerns about public administration, stating that it had become less impartial since 2019.
While the country's record score is encouraging, Ferlito stressed that Malaysia should not become complacent as other economies continue to advance their economic reforms.
His comments highlight the ongoing debate over the role of government in the economy, particularly the balance between state participation, private-sector competition and market efficiency.
What Malaysia Needs to Do to Reach the Global Top 20
<img src="https://r2.myc.my/d231982ee21843486056da568c1d7911fcbe2fe9c0aefaf186ab4678a4075298" />
Ferlito said Malaysia would need to pursue further structural reforms if it hopes to break into the world's top 20 economies in the economic freedom rankings.
Among the measures he identified were reducing state ownership in the economy, ensuring that the civil service operates according to clear rules and remains impartial, simplifying the country's tariff structure, and opening markets to greater competition.
Reducing barriers to competition could help create more opportunities for private businesses, while clearer and more impartial public administration could support a more predictable business environment.
Simplifying tariffs could also make trade arrangements easier to navigate, potentially improving market access for businesses and investors.
However, the proposed changes would require sustained policy efforts rather than relying solely on incremental improvements in the country's overall score.
Record Score Shows Progress, But More Reforms Are Needed
Malaysia's latest economic freedom score represents a milestone, reflecting its recovery from the setbacks experienced in the aftermath of the Asian financial crisis and its subsequent improvement over the years.
Nevertheless, its fall to 35th place globally serves as a reminder that maintaining competitiveness requires continued progress as other countries strengthen their own economic policies.
With Malaysia still ranked second in ASEAN, the country has a relatively strong regional position. The challenge now is to translate that standing into further improvements in economic openness, market competition and public administration.
As highlighted by CME, reaching the global top 20 will require Malaysia to address the role of state-owned entities, strengthen impartial governance and create greater opportunities for competition.
Whether Malaysia can climb higher in future editions of the index will depend not only on maintaining economic stability, but also on how effectively it implements the reforms needed to keep pace with the rest of the world.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Malaysia hits a record economic freedom score, but slower progress sees it slip two places in the global rankings.

8aff757719fee624bd62c48b431ee701ba53f0cc9c3586a534cdcfc762f84e6c

Malaysia Achieves Highest Economic Freedom Score Since 1970, But Slips To 35th Globally

Ryt Bank customers can now make contactless payments using their Apple devices, following the launch of Apple Pay support for the bank&rsquo;s Ryt Card on 6 October 2026. The update allows customers to add their card to Apple Wallet and pay in stores, online and through supported apps without needing to take out their physical card.
With this addition, Ryt Bank becomes the first digital bank in Malaysia to support both Apple Pay and Google Pay. The bank introduced Google Pay support in January 2026, giving Android users access to mobile payments before extending the service to Apple users.
The latest update offers customers more flexibility in how they pay for everyday purchases, from buying groceries and grabbing coffee to shopping online. It also introduces another convenient way to make payments while benefiting from the security features built into Apple Pay.
How Apple Pay Makes Everyday Payments More Convenient
<img src="https://r2.myc.my/a06634d7f0de0d8f8ba130a5be85cd48b0017e061d6bbdda0e8e0a4cec6d2fdf" />
Apple Pay allows customers to use compatible devices, including iPhones and Apple Watches, to make contactless payments at participating merchants. Instead of carrying a physical card, users can simply authenticate their payment on their device and hold it near a compatible payment terminal.
The service also works for online purchases and in-app transactions at supported merchants, allowing users to complete payments without repeatedly entering their card details.
For customers who frequently use contactless payments, adding a card to Apple Wallet can make everyday transactions quicker and more convenient. It is particularly useful when heading out without a wallet, as payments can be made directly through a compatible Apple device.
Customers who use Android devices can continue to access Google Pay with their Ryt Card, meaning Ryt Bank now supports both major mobile wallet platforms.
Apple Pay Security Features Protect Your Card Details
<img src="https://r2.myc.my/724ed1fa5a195167b50cac4b7b977fbefb8d824b9a7a4435187ed13a5a0f9b5b" />
Beyond convenience, Apple Pay includes security measures designed to protect users&rsquo; payment information.
Each transaction must be authenticated through Face ID, Touch ID or the device&rsquo;s passcode, helping ensure that payments are authorised by the device&rsquo;s owner.
Apple Pay also uses a device-specific account number and a unique security code for each transaction, rather than sharing the actual card number with merchants. Apple states that card numbers are not stored on its servers, adding another layer of protection when customers make payments.
If an iPhone is lost or misplaced, users can also use Apple&rsquo;s Find My service to mark the device as lost and suspend Apple Pay on it.
However, users should still protect their devices with a secure passcode and keep their banking applications updated.
How To Add Your Ryt Card To Apple Pay
&nbsp;<img src="https://r2.myc.my/8f90cd0d321e69e0ce6a2eb0c2d2ed8edda25d579cd43fa930c406b9029d639d" />
Ryt Bank customers can add their Ryt Card to Apple Wallet through the bank&rsquo;s app or directly through the Wallet app on a compatible Apple device.
Option 1: Through the Ryt Bank app
<ol>
<li>Open the Ryt Bank app and navigate to the Cards tab.</li>
<li>Select the option to Add to Apple Wallet.</li>
<li>Follow the on-screen instructions to complete the setup.</li>
</ol>
Option 2: Through Apple Wallet
<ol>
<li>Open the Wallet app on your compatible Apple device.</li>
<li>Tap the + button to add a card.</li>
<li>Follow the instructions to add and verify your Ryt Card.</li>
</ol>
Once the setup is complete, you can use Apple Pay wherever the service is accepted. Depending on your device and setup, you may also be able to add the card to other compatible Apple devices.
What Is Ryt Bank?
<img src="https://r2.myc.my/7838122416fdb9288b2869284ae7342adcbab30c4e9ed6c8699fea2c795f1bbc" />
Ryt Bank is a licensed digital bank in Malaysia that provides banking services through a digital platform, allowing customers to manage their finances without relying on a traditional network of physical bank branches.
It is operated by YTL Digital Bank Berhad, a joint venture between YTL Digital Capital Sdn Bhd and Sea Limited, the parent company of Shopee and Garena. The bank offers digital banking services through its mobile app, including access to its Ryt Card.
As a digital bank, Ryt Bank focuses on providing customers with accessible banking services and digital tools for everyday financial management. Its support for Google Pay and Apple Pay expands the ways customers can use their Ryt Card for cashless transactions.
Which Other Banks Support Apple Pay In Malaysia?
Ryt Bank joins several established financial institutions that already support Apple Pay in Malaysia. These include AmBank, CIMB, Hong Leong Bank, HSBC, Maybank, RHB and Standard Chartered.
Wise Payments Malaysia is also listed by Apple as a participating card issuer, although availability can vary depending on the issuer and card type.
With Apple Pay now available for the Ryt Card, Ryt Bank customers have another option for making secure, convenient payments using their preferred devices. The move also strengthens the bank&rsquo;s digital payment offerings, allowing both iPhone and Android users to enjoy mobile wallet convenience.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Your Ryt Card just got more convenient, with seamless cashless payments.