BTC $77,677.47 -1.84%
ETH $2,422.07 -2.48%
BNB $688.83 -0.66%
XRP $1.35 -3.17%
SOL $100.25 -3.84%
TRX $0.3226 -2.74%
DOGE $0.0819 -2.26%
ADA $0.1988 -1.96%
BCH $248.96 -0.92%
LINK $11.27 -2.08%
HYPE $83.63 -0.89%
AAVE $134.69 +6.09%
SUI $0.7272 -1.06%
XLM $0.1758 -1.92%
ZEC $837.04 -3.22%
BTC $77,677.47 -1.84%
ETH $2,422.07 -2.48%
BNB $688.83 -0.66%
XRP $1.35 -3.17%
SOL $100.25 -3.84%
TRX $0.3226 -2.74%
DOGE $0.0819 -2.26%
ADA $0.1988 -1.96%
BCH $248.96 -0.92%
LINK $11.27 -2.08%
HYPE $83.63 -0.89%
AAVE $134.69 +6.09%
SUI $0.7272 -1.06%
XLM $0.1758 -1.92%
ZEC $837.04 -3.22%

time

All
Article
Flash

first_img The Fogo mainnet has been down for 46 hours due to the theft of 400 million FOGO, with no scheduled restart time

According to The Defiant, the Fogo mainnet has stopped producing blocks for about 46 hours since Saturday afternoon due to an attack on the Fogo Foundation, resulting in 4 million FOGO tokens (approximately 10.3% of the circulating supply) being transferred to the attacker's address. The foundation initially stated that the chain itself was unaffected, but 15 hours later, the network was actively paused, and plans were made to restrict the related addresses through an upgrade. Currently, the Fogo official explorer shows the last block as 718,525,971, and the RPC endpoint returns a 502 error, while the on-chain TVL tracked by DefiLlama has been frozen at $987,000 for three consecutive days.This downtime is attributed to Fogo's validator design: the chain is managed by a council of 7 voting validators, with the foundation staking evenly among 7 operators, allowing for coordination to pause and implement a client-level address blacklist within minutes. On the exchange side, both KuCoin and Gate have disabled FOGO deposits and withdrawals but retained trading, with a 24-hour spot trading volume of approximately $2.3 million. Meanwhile, a Twitter account impersonating the Fogo Foundation, @FcgoFNDN, posted a false compensation voting link, and Fogo officials reminded users to rely only on information from official channels.Fogo is the second network to actively pause over the weekend, following Cronos, which rolled back its state due to an attack on the Tectonic lending protocol. Fogo raised approximately $7 million by selling 2% of its supply through Binance before launching its mainnet in January, with a valuation of $350 million. The foundation has not yet disclosed details of the attack, compensation plans, or a restart timeline.

first_img Samsung Electronics' operating profit in the third quarter may exceed 1 trillion won for the first time

According to a report by South Korea's Seoul Economic Daily on August 31, the prices of HBM and DRAM used in AI accelerators continue to rise. Data from the Korea Trade Association shows that DRAM export volume decreased from approximately 681.7 million units in May to 591.74 million units in July, a decline of 13.2%. However, the export value increased from $11.428 billion to $13.552 billion, a growth of 18.5%, with the export unit price rising from $16.76 to $22.9, an increase of 36.6%.The supply of HBM4 to customers such as Nvidia is expanding, but the initial yield is lower than that of HBM3E, exacerbating the overall DRAM supply shortage. Samsung Electronics' memory division is reportedly planning to allocate about 70% of its capacity to long-term supply agreements until 2031, with major clients including Nvidia, Microsoft, and Google. Mega Grid Supply data shows that the spot price for HBM3E 36GB is $2,100, approximately 4 to 5 times the long-term contract price; the spot price for HBM4 16-layer, which is in mass production coordination, is about $3,500.The financial investment community expects Samsung Electronics' third-quarter revenue to reach 206.64 trillion won and operating profit to reach 116.38 trillion won, with operating profit expected to exceed 100 trillion won for the first time. SK Hynix's third-quarter revenue is expected to be 101.76 trillion won, with operating profit of 79.16 trillion won. Samsung Electronics is considering converting its only wafer foundry line S5 in the Pyeongtaek campus to memory production as early as next year.
app_icon
ChainCatcher Building the Web3 world with innovations.