The Sandbox · 747

The Sandbox confirms SAND cross-chain bridge vulnerability: Base and BSC networks are affected, and cross-chain functionality has been suspended

Comparing news, The Sandbox officially stated that the team has confirmed and fully controlled the recent SAND cross-chain bridge vulnerability incident involving the Base and BNB Smart Chain (BSC) networks. Officials say the impact of this incident was limited, involving less than 0.01% of SAND's total supply of tokens. SAND on Ethereum (Ethereum) and Polygon is unaffected, user wallets have not been compromised, and relevant coin holders and liquidity providers are not required to take action. According to reports, attackers have minted unsecured SAND tokens on the Base and BSC networks through exploits. Currently, The Sandbox has shut down the SAND cross-chain feature of the two networks, and SAND on Base and BSC have been isolated and cannot be transferred or exchanged for the time being. The Sandbox reminds users not to buy, sell, or trade SAND on the Base and BSC networks as liquidity on these networks has been affected. The team said it has completed a pre-incident snapshot and is formulating a compensation plan for affected liquidity pool (LP) users, while continuing to investigate the scope of impact of the vulnerability. A full incident report and technical review will be released later.

15h ago

Faction Shield: The Sandbox was attacked, and 14.9 billion SAND were abnormally minted

Comparative news, according to PaiDun monitoring, an abnormal security incident occurred at The Sandbox (SAND). The attackers are suspected to have abnormally minted about 14.9 billion SAND tokens in the two addresses through the vulnerability. Currently, The Sandbox has not officially released the confirmed results of the incident or details of the vulnerability, and the extent of the impact of the attack and whether there was any financial loss is still under further investigation.

17h ago#On-chain dynamics

Upbit warns of SAND transaction risks: suspected cybersecurity incident, reminding users to trade with caution

Comparing news, Upbit issued an announcement stating that it has discovered signs of suspected security issues on The Sandbox (SAND) network, so users are reminded to be aware of transaction risks. Upbit said that due to the suspected security incident on the SAND network in 2026, the market may experience increased price fluctuations as a result. The exchange advises users holding SAND assets to pay close attention to relevant developments and conduct trading operations with caution. Currently, Upbit has not disclosed the details of the attack or the scale of the loss; it only provides relevant on-chain transaction addresses for users to inquire. Earlier today, The Sandbox's native token SAND on the Base network is suspected to have experienced a serious security breach. Attackers have obtained permission to mint tokens and can arbitrarily issue additional SAND tokens.

19h ago

SAND is suspected to have experienced an infinite minting vulnerability, and attackers have minted over 500 million tokens

Comparatively, according to market news, The Sandbox's native token SAND on the Base network is suspected to have had a serious security flaw. Attackers have obtained permission to mint tokens and can arbitrarily issue additional SAND tokens. According to on-chain data, the vulnerability incident has now minted more than 500 million pieces of SAND, and the attack continues. The market is concerned that a large amount of new supply may impact the price of SAND. Currently, The Sandbox has yet to release an official response to this incident, and the cause of the vulnerability, the source of the attackers' permissions, and the whereabouts of the new tokens are yet to be further confirmed. Infinite Mint Attack (Infinite Mint Attack) is usually caused by smart contract permission control flaws or minting logic flaws. Attackers can bypass restrictions to generate large numbers of tokens, which in turn causes supply loss of control and market value dilution.

20h ago

[Comparative Daily News Picks] DeepSeek V4 Pro official API update: multiple test performance is close to Fable 5; SpaceXAI launched Grok 4.6, which is the same as GPT-5.6 Sol Max; Bitcoin mining company MARA secured 18,750 BTC to obtain a loan of 750 million US dollars to expand AI and energy infrastructure; the US core inflation performance in July was moderate, and the pressure on the Federal Reserve to raise interest rates eased somewhat

Daily AI · Cryptography · Macro · Market News, Bitpush helps you draw the key points ↓ AI · News [DeepSeek V4 Pro Official API Update: Multiple Test Performance Close to Fable 5] Tweet news. On August 13, Beijing time, DeepSeek officially changed the v4 Pro from the preview version. On the official pricing page, the model version number has been updated to DEEPSEEK-V4-PRO-0813. As can be seen from the evaluation comparison table released by the official group, the official version of DeepSeek V4 Pro (DeepSeek V4-PRO-0813) was close to the Fable 5 level in many tests, and the capabilities of the previous preview version were greatly improved. DeepSeek V4 Pro is significantly more expensive than V4-Flash. Based on the calculation for each 1M token, 0.025 yuan is entered in the cache hit, 3 yuan is entered in the cache mismatch, and 6 yuan is output. In comparison, V4-Flash is 0.02 yuan, 1 yuan, and 2 yuan, respectively. [SpaceXAI launches GROK 4.6, same score as GPT-5.6 Sol Max] In comparison, SpaceXAI officially released the next generation model Grok 4.6, which scored 61 points in the Artificial Analysis Intelligence Index comprehensive evaluation, which is on par with OpenAI's GPT-5.6 Sol Max. The model focuses on strengthening long-range operating agents, complex programming, and intellectual work capabilities. [Wall Street Journal: Apple Seeks New Agreements with Publishers to Use Their Content to Develop Artificial Intelligence Voice Assistant Siri] Comparing the news. According to the Wall Street Journal: Sources revealed, Apple (AAPL.O) is seeking a new agreement with publishers to develop Siri, an artificial intelligence voice assistant using its content. [SpaceX rose nearly 12% in the intraday period, and Damo is optimistic about its two structural advantages] Comparing news, SpaceX (SPCX.O) rose nearly 12% in the intraday period. The rise was driven by a Morgan Stanley research report, which believes the open market has seriously underestimated the value of the SpaceX AI enterprise platform. Investors are no longer viewing SpaceX only as an aerospace and satellite hardware company, but increasingly as a vertically integrated technology giant with autonomous data, global network infrastructure, and cutting-edge AI models. Morgan Stanley analyst Adam Jonas said that recent products launched by the SpaceXAI division show a broader software ecosystem, of which GrokBot is early evidence of this platform. The platform combines unique real-time data, vertically integrated computing power, connectivity, and intelligence, and these values are currently not fully priced in the market. The report points out that SpaceX has two structural advantages: one is a real-time data pipeline formed from telemetry data from X and Starlink satellite networks; the other is a “real world” moat combining low-cost computing power with global communication networks. Musk previously said that Grok 4.7 will surpass all current models, and that SpaceX's unique and powerful training data gives it an advantage in real-world engineering capabilities. Crypto · Market [Bitcoin mining company MARA secures $750 million in loans to expand AI and energy infrastructure] Comparing news, Bitcoin mining company MARA Holdings disclosed in SEC documents for the latest quarter that the company has pledged 18,750 BTC to guarantee two Bitcoin mortgage loans, with a total loan principal of 750 million US dollars. The additional capital will be used mainly for general corporate purposes and support MARA's acquisition of Long Ridge Energy & Power. The deal is worth approximately $1.5 billion, and Long Ridge owns a gas power plant with an estimated installed capacity of 505 MW and more than 1,600 acres of industrial land in Ohio, USA. MARA plans to further develop the local area as a base for Bitcoin mining, AI, and high-performance computing infrastructure. [CFTC emergency order requires Kalshi to continue operating, citing the risk of closing Bitcoin positions] Comparing news, the US Commodity Futures Trading Commission (CFTC) requires that the forecasting market platform Kalshi continue to operate its exchange in accordance with normal business practices and “business...

10d agoWendy#Compare Daily Picks

Coinbase will suspend perpetual contract trading for 10 tokens including MEME on August 26

According to news, Coinbase will suspend the following perpetual contract transactions around 21:00 on August 26: Memecoin (MEME-PERP), The Sandbox (SAND-PERP), Moonbirds (BIRB-PERP), Blur (BLUR-PERP), Katana (KAT-PERP), SPX6900 (SPX-PERP), ZORA (ZORA-PERP), Axie Infinity ( AXS-PERP), Gensyn (AI-PERP), and LayerZero (ZRO-PERP). At that time, the remaining open positions will be automatically settled. The final settlement price will be the average index price 60 minutes before the transaction was suspended, and the rate for the last funding rate cycle will be set to zero.

10d ago

Hinton, Li Feifei, and Wu Enda are on the same stage for the first time: targeting AI companies together

Source: First Electric Network Author: First Electric Editorial Office On the morning of August 6, Beijing time (morning of August 5, local time in Las Vegas), Jeffrey Sinton, Li Feifei, and Wu Enda were on the same stage for the first time. The round table called “Smart Architects: A Historic Gathering” was the most watched event at this year's Ai4 conference. Since Hinton and Wu Enda are almost completely opposed to each other on “will AI destroy humanity”, everyone is looking forward to a live confrontation before the meeting. In fact, all three have their own opinions on regulation, unemployment, and China's open weight model. On stage, Hinton directly said, “We don't always agree,” and Li Feifei immediately added “But we are still friends.” But these three people, whose positions are far apart, are pointing the finger in the same direction: big AI companies. A person seen as a representative of apocalyptic theory, a standard-bearer of individualistic AI, and an open source faction that has long opposed existential risk narratives. They all agree on this matter. As of press release, the organizers have not released the video or full transcript of this round table. First Electric compiled the core views of the three people based on the participants' immediate records, post-conference summaries, and live media reports. ▍ Li Feifei: Increased productivity does not equal prosperity. Li Feifei is the current CEO of the space intelligence company World Labs. The ImageNet data set she led and its 2012 competition are widely regarded as the starting point of this wave of deep learning. She is also the co-founder of Stanford's Human-Centered AI Research Institute. At the round table, she criticized current “irrational and unscientific” remarks surrounding AI. Among the three sources she listed, in addition to critics and many journalists, there are also big AI companies that have financial motives to keep competitors out of their doors. “Let's bring science, not sci-fi, back to the AI debate.” At the same time, she criticized that the utopian statement is also unhelpful; “if used improperly, it can also cause harm.” One of Li Feifei's most quoted words at this roundtable was that increased productivity does not automatically translate into shared prosperity. Improving efficiency is one thing; who the benefits go to is another. On the employment issue, she believes that AI will improve the efficiency of certain work processes rather than the disappearance or retention of an entire job. After all, “no job is a single task.” But for the jobs that are actually being replaced, she thinks a “soft landing” is needed. Many participants also described Li Feifei as the most cautious of the three about the rapid acceleration of AI and its impact on society, and was applauded by the audience. Li Feifei also said that describing AI development as a dispute between open source and closed source routes is a false debate. She used two analogies. The first is nuclear physics. Basic research is carried out publicly, but the most sensitive downstream applications, such as uranium enrichment, are always strictly controlled, and AI is likely to fall on a similar spectrum rather than converge into a single model. The second is the human genome project in the 90s of the last century: at the time, a private company and a consortium of publicly funded universities were the first to complete sequencing. If the private sector completely wins and applies for a patent, this technology may have been blocked from the wider scientific research and pharmaceutical industry. However, in reality, the results of the two parties were jointly announced by the Clinton administration, and the resulting public data integrated the foundation for many years of drug development. With this, she emphasized the importance of the government supporting AI research and making basic breakthroughs widely applied. “This debate, especially on the general level of “we can only tolerate one kind,” is a false debate.” Li Feifei named the reporter's responsibility to break out of this framework and discuss when, where, and how to use varying degrees of openness or closure. Asked what kind of AI headlines the world might wake up to in the next five or six years, her answer was: Using AI as a tool, the world announced the elimination of illiteracy. ▍ Hinton: Regulation is needed, but not this kind of regulation. Hinton won the 2024 Nobel Prize in Physics for his neural network research. After leaving Google in 2023, he continued to speak out about AI risks. He has publicly estimated that the probability of human extinction due to AI development is between 10% and 20%. Although tech leaders generally believe regulation will stifle innovation, Hinton believes regulation is essential to guide the safe development of AI. “You can't hand over the control of artificial intelligence to people like Elon Musk and Mark Zuckerberg” received the most enthusiastic applause that morning. What he wants is not fewer rules, but rules not to be written by people with the most motive to miswrite them. When it comes to employment, Hinton's judgment is pessimistic. He pointed out that AI has surpassed humans in some ways, and predicted that jobs such as call center operators and paralegals will increasingly face the risk of unemployment. “Once artificial intelligence is capable of routine mental work, anything involving routine mental work...

15d agoWendy#AI #Wu Enda #big model #Li Feifei #Hinton

“Whitewashing” Web3 and Embracing Nvidia: How did Prime Intellect behind the trillion MoE come ashore?

Source: Foresight News Author: KarenZ, Foresight News Original title: Valued at 1 billion, Nvidia is betting big! Is Prime Intellect washing away the Web3 label? An AI infrastructure company founded just over two years ago announced that it has received support from investment institutions under Nvidia, Intel, and Dell, while saying that its annualized revenue has exceeded $100 million — these two numbers together are enough to make Prime Intellect one of the most recent AI projects worth revisiting. On July 8, 2026, Prime Intellect, a decentralized AI infrastructure network, announced that it had completed Series A financing of US$130 million at a valuation of US$1 billion, led by Radical Ventures, a venture capital firm focused on AI. Investment institutions under Nvidia, Intel, and Dell rarely joined together, with a cumulative total of over US$150 million. While disclosing the huge amount of financing, Prime Intellect officially announced that in less than a year, its annualized revenue (ARR) has rapidly jumped to more than 100 million US dollars, and the platform has served more than 6,000 enterprise and startup customers. What's the background? The author appeared in “OpenAI Founding Members!” in March 2025 As mentioned in “Prime Intellect, the Dark Horse Project for Speed Reading Decentralized AI,” Prime Intellect was co-founded by two co-founders, Vincent Weisser and Johannes Hagemann in January 2024. CEO Vincent Weisser has been involved in the cross-field of decentralized science (DeSci) and AI for a long time. He was a co-sponsor of projects such as Bio Protocol, VitaDAO, and CryoDAO, and was the head of ecology and AI for the DeSci platform Molecule. CTO Johannes Hagemann focuses on distributed AI and semi-automated engineering, brain-computer interface, etc., and previously worked as an AI research engineer at German AI company Aleph Alpha. Additionally, in October 2025, venture capitalist Ash Arora joined Prime Intellect as Head of Applied GTM, responsible for developing product strategy, commercialization, revenue, and applied artificial intelligence products in post-training processing and reinforcement learning. Ash Arora recently stated that Prime Intellect currently has 40 full-time employees. In terms of financing, Prime Intellect has raised more than $150 million, of which the $5.5 million seed round in April 2024 was co-led by Distributed Global and CoinFund, and Clem Delangue, CEO of the machine learning construction tool Hugging Face, and others were angel investors. Less than a year later, in March 2025, Prime Intellect raised another $15 million, led by Peter Thiel's Founders Fund. Investors also included Andrej Karpathy, a founding member of OpenAI and former AI director at Tesla, and Tri Dao, chief scientist of Together.AI, and Emad, co-founder of Stability AI Mostaque and many other heavyweights in the field of AI. However, the nature of the latest round is different. In the $130 million Series A round, NVIDIA Ventures, Intel Capital, and Dell Technologies Capital were not just financial investors; the parent companies behind them were in critical positions for GPUs, CPUs, servers, and data center infrastructure, respectively. Intel Capital's explanation of this round of investment also shows that the hardware giants are in trouble...

40d ago谢伟伦#WEB3 #Nvidia #financing

US grants $500 million to SandboxAQ to find new materials to make chips

Comparatively, according to Kim 10, the US government allocated 500 million US dollars to SandboxAQ on Wednesday to develop novel chemicals and materials needed for semiconductor manufacturing in the US, including alternatives to PFAS (perfluorinated and polyfluoroalkyl substances). This funding is part of US President Trump's allocation of research funding under the CHIPS Act (CHIPS Act). Previously, the plan provided $150 million to invest in new chip manufacturing equipment and $2 billion to invest in quantum computing. SandboxAQ, supported by Nvidia (NVDA.O), was valued at $5.75 billion in April 2025 and has raised more than $1 billion to date.

66d ago

France reproduces attempted crypto kidnapping, The Sandbox COO's wife attacked

According to FinanceFeeds, an attempted kidnapping of the wife of Sebastien Borget, the co-founder and chief operating officer of The Sandbox, occurred in Villenois, Seine-et-Marne, France. Five masked criminals, disguised as couriers, broke into the house and tried to force them into the fleeing vehicle, but were defeated when nearby residents responded promptly to calls for help. Afterwards, France's Meaux anti-crime brigade intercepted an online car-hailing vehicle and arrested two suspects armed with simulated guns, harnesses, and headgear. After investigation, they were all minors born between 2009 and 2010. According to statistics from the French National Judicial Police, France has recorded 41 attempted crypto-related kidnappings this year, accounting for about 80% of similar cases in Europe. The authorities have classified them as a national security crisis and called on Web3 public figures to reduce online exposure to protect the safety of their families.

92d ago