

1. Write perfect, vulnerability-free code with a 100% secure fund management system. 2. Immediately freeze assets after theft, rendering stolen funds worthless. Both paths are extremely difficult. In the AI era, the industry is still relying on outdated approaches to offense and defense—it’s time for an upgrade.

On October 26, 2026, OpenAI announced that its model provided natural language proofs for three long-standing open problems, which have not yet been independently verified. The three results are: local smoothing related to the Kakeya conjecture, the falsity of the Exponential Time Hypothesis, and the existence of a complete regularization of quantum chromodynamics and the Standard Model. The proof for the existence of Yang–Mills was generated on September 9 and its release was delayed until October 16, following completion of its formalization in Lean. Commentators with a background in complexity theory believe that refuting ETH has the greatest impact, as it serves as a foundational pillar for many hardness and lower bound results.

Musk stated that SpaceX has completed a $40 billion redeemable GPU debt financing, with funds allocated to purchase GPUs scheduled for delivery in the first and second quarters. The instrument is a redeemable debt with a fixed repayment date; Musk noted that its investment-grade credit rating, along with revenue from Starlink and launch operations, helps maintain access to credit. The hardware has not yet been delivered, so the impact on this quarter’s expenses is minimal.

Initia’s cross-chain bridge was attacked on October 23, draining its USDC bridge reserve down to $63 and preventing users from withdrawing funds. Approximately $3 million in real assets were withdrawn through the bridge, while $7 million in unsponsored balances were outstanding, creating a shortfall that exceeds the actual assets extracted.

Reviewed FUTU Securities' cryptocurrency custody and storage methods: 1. Custody Location and Institutions FUTU Securities does not directly hold or custody client cryptocurrencies. Client virtual assets are custodied by virtual asset trading platform (VATP) operators licensed by the Securities and Futures Commission of Hong Kong. The primary platform is FUTU’s proprietary Leopard Trading, which obtained its VATP license in 2025, began full operations in March 2026, and is deeply integrated with FUTU Securities to handle order matching, asset custody, and technical support. Early or certain transactions were also processed through other licensed platforms, such as Hash Blockchain Limited. Client assets are held in trust, with client wallets strictly segregated from the company’s own wallets. 2. Storage Methods Utilizes qualified hot and cold storage facilities: hot wallets support daily trading and deposit/withdrawal liquidity; cold storage secures the majority of assets for long-term preservation. Orders are routed to third-party licensed exchanges for execution, where the exchanges act as custodians and store assets in cold and hot storage systems compliant with regulatory requirements; FUTU itself does not hold any cryptocurrency. Fiat funds (HKD/USD) are held in segregated custodial accounts at approved banks, similarly separated from client securities assets.





