OBON Corp. linked to Nvidia chip smuggling scheme that allegedly funneled $2.5B in AI servers to Alibaba
Crypto Briefing
Thai firm OBON Corp. is accused of helping funnel $2.5 billion in restricted Nvidia-powered AI servers to Chinese entities, including Alibaba.Summary
A US Justice Department indictment alleges that Bangkok-based OBON Corp. acted as a conduit to bypass US export controls, smuggling $2.5 billion worth of Super Micro servers containing restricted Nvidia AI chips to Chinese customers. Prosecutors claim Super Micro executives facilitated the scheme during 2024 and 2025. Alibaba, identified as an alleged recipient, has denied any involvement or business relationship with the parties named in the indictment, asserting that it does not use banned Nvidia hardware in its data centers.
(Source：Crypto Briefing)