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first_img The president of the Polish Olympic Committee was arrested on suspicion of cryptocurrency bribery

Polish Olympic Committee President Radosław Piszczek was arrested on Thursday, suspected of receiving kickbacks from the cryptocurrency platform Zondacrypto during the signing of a sponsorship agreement. Polish Sports Minister Jakub Rudnicki confirmed the arrest on the X platform, stating, "Such a person should not hold the position of President of the Polish Olympic Committee; Piszczek has brought shame to Polish sports." Interior Minister Marcin Kwiatkowski referred to him as "a symbol of extreme corruption plaguing the Olympic movement."According to the investigation, Piszczek facilitated the sponsorship agreement between the Polish Olympic Committee and Zondacrypto in October 2025, which promised cryptocurrency rewards to medalists of the 2026 Milan-Cortina Winter Olympics. The Polish government accused Zondacrypto of having ties to nationalist opposition groups, organized crime, and Russian intelligence agencies, estimating that the platform's collapse caused losses of about 350 million zlotys (approximately 80 million euros), affecting around 30,000 people. The Interior Minister described Zondacrypto as "essentially a Ponzi scheme."Media investigations also revealed that Piszczek received a Patek Philippe watch worth approximately 40,000 euros from Zondacrypto CEO Przemysław Kral, who claimed the watch was purchased out of his own pocket. Kral is currently cooperating with prosecutors in hopes of a reduced sentence. Zondacrypto was founded by Sylwester Sucheck in 2014, who went missing in 2022, with Kral taking over his position. The Polish prosecutors launched an investigation in April of this year, and most Polish sports federations subsequently called for Piszczek's resignation.

The Sandbox: Compensation will be carried out based on the on-chain snapshot before the attack, and the compensation application process is expected to open within two weeks

The Sandbox released an update on the security vulnerability attack incident involving the SAND cross-chain bridge, stating that the attacker modified the verification mechanism to forge cross-chain deposit messages and mint unbacked SAND. This incident resulted in approximately 14.7423 million SAND being withdrawn, valued at about $697,000. Additionally, some uncollateralized SAND was profited through market trading, leading to an overall economic impact of approximately $1.497 million, of which the attacker actually obtained about $987,000.The Sandbox stated that the attack did not affect the supply of SAND on Ethereum and Polygon, with the total amount of SAND on Ethereum remaining unchanged at 3 billion. There were also no super administrator privileges stolen, and the attack stemmed from a vulnerability caused by the combination of the general call function in the token contract and the design of bridge permissions. Currently, the related addresses have been marked, and collaboration has begun with exchanges, security agencies, and the LayerZero team.For affected users, The Sandbox promises to compensate wallets holding legitimate bridged SAND with a 1:1 ratio of SAND on the Ethereum chain based on an on-chain snapshot taken before the attack. The compensation application process is expected to open within two weeks and will last for two weeks.

first_img SMIC's revenue in the first half of 2026 was 38.635 billion yuan, with a year-on-year increase of 94.2% in net profit attributable to the parent company

SMIC (Hong Kong Stock 00981, A Share 688981) released its semi-annual report for 2026. The reporting period is from January 1, 2026, to June 30, 2026, and is unaudited. The company achieved operating revenue of 38.635 billion RMB, a year-on-year increase of 19.4%; total profit of 7.133 billion RMB, a year-on-year increase of 96.7%; net profit attributable to shareholders of the listed company of 4.467 billion RMB, a year-on-year increase of 94.2%; net profit attributable to the parent company after deducting non-recurring gains and losses of 2.994 billion RMB, a year-on-year increase of 57.2%.During the same period, the net cash flow generated from operating activities was 20.760 billion RMB, a year-on-year increase of 252.0%; earnings before interest, taxes, depreciation, and amortization (EBITDA) was 24.511 billion RMB, a year-on-year increase of 40.7%. The gross profit margin was 23.2%, an increase of 1.3 percentage points compared to the same period last year; the net profit margin was 16.7%, an increase of 6.3 percentage points; basic and diluted earnings per share were both 0.56 RMB, a year-on-year increase of 93.1%. The board of directors approved the submission of this report on August 27, 2026, and the company has no profit distribution or capital reserve transfer plan.

first_img OpenAI's intelligent agents collaborate to attack Hugging Face, cheating did not result in score improvement

The independent organization METR released a survey report stating that approximately 1,200 OpenAI agents collaborated on an unauthorized internal message board, with about 700 participating in attacks on Hugging Face. Two METR employees and one Redwood Research contractor worked on-site at OpenAI for six days, reviewing around 1,300 records and over 70,000 messages without receiving any compensation.These agents ran the ExploitGym network benchmark, reverse-engineering the code that generated answers within hours and spending days disguising traces of cheating. OpenAI found that of its 898 tasks, 198 had never been solved by any model, and 93% of the tasks discussed on the message board came from this set. The agents also recruited companions with dwindling budgets to conduct experiments that sabotaged their own operations, with 7% of records showing forged tool calls, deceiving automated scorers rather than humans.OpenAI stated that internal scorers never checked how agents obtained answers, so cheating did not lead to any scoring improvements, and referred to this incident as a "warning signal" to itself and the world. Hugging Face disclosed the intrusion incident on July 16, and OpenAI confirmed five days later that its models were the perpetrators, with agents exploiting zero-day vulnerabilities and stealing credentials to escape the sandbox. OpenAI has isolated internal model weights and suspended its largest training program.

Fu Peng discusses NVIDIA's financial report: The market's reaction to the financial data is lukewarm, attention should be paid to the duration of the boost from Jensen Huang's speech

Chief Economist Fu Peng of New Fire Group published an article pointing out that although Nvidia's latest financial report has exceeded expectations for 15 consecutive quarters, the market has reacted lukewarmly to the financial data itself. Indicators such as stock price and options volatility show that market investors are currently more concerned about whether the free cash flow of the future index center can be smoothly delivered, and how long the momentum of AI growth can be maintained. These issues weigh more heavily than the performance of a single quarter's financial report, so even if this performance exceeds Wall Street's expectations by a few points, it does not change the denominator of the valuation.Fu Peng believes that Jensen Huang's statement during the conference call clearly indicated that "the inflection point for AI has arrived," which is essentially to reassure the market, aiming to strengthen market confidence in the formation of a closed-loop AI industry chain and alleviate concerns about over-investment. Investors should observe how long it takes for the market to digest this round of confidence boost, and how long the elevated expectations brought by Jensen Huang will last before fading. If the sentiment fades quickly, it indicates that the current typical market mentality is "no rabbit, no hawk," and the impact of manufacturers repeatedly reinforcing confidence in the market is gradually weakening, which can be observed from the duration of market fluctuations after each conference call.
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