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Web3Auth disclosed the progress of the security incident: affected wallets have restored access, and the asset return process will be announced soon

Web3Auth has released the latest developments on the security incident, which previously affected some embedded wallets created through Google or Apple login due to security vulnerabilities in the infrastructure, leading to unauthorized access to some accounts. Affected services include Torus Wallet and some embedded wallets used by third-party applications like Keplr.Currently, the affected funds are securely held by the project team, which is coordinating the subsequent return process. Specific procedures are expected to be announced in the coming days, and asset rescue operations are still ongoing. In terms of services, existing users can log in and access wallets through Web3Auth Plug & Play and Single Factor Auth (SFA) SDK, but some restrictions still exist. Web3Auth SDK v9 and earlier versions have been deprecated, and developers need to upgrade to v10 or v11. Existing SFA users can log in normally, but new user registration is temporarily restricted. Developers on the Sapphire network can open new user registration by migrating to the latest SDK, while the Legacy network plans to restore this feature by November 23, 2026.Web3Auth reminds users to be vigilant against scams impersonating official asset recovery services, and not to disclose their mnemonic phrases, private keys, or login credentials to anyone, nor to trust private messages that actively offer asset recovery services.

first_img Polkadot's new strategy was approved with 97% of the votes, focusing on the product platform and dotUSD

On November 11, the Polkadot community, through its decentralized governance system, supported a new strategy proposed by the Polkadot Community Foundation (PCF) with 97% of the votes. This strategy calls for focusing energy and resources on the upcoming Polkadot product platform, with a core direction of directly acquiring users. The product platform is positioned as an application layer that prioritizes user privacy and data rights, anchored by dotStables, with the first asset being dotUSD, designed to accumulate value for DOT.According to the content confirmed by DOTDAO authorization, the new strategy focuses on enabling users to directly encounter products on the product platform. Products on the platform should closely resemble the application experiences users are already familiar with, adopting a free, simple username and mobile-first approach, while allowing users to decide the extent of data sharing. PCF plans to provide the first mobile-centric solution through the Polkadot App, which will support private messaging and digital cash payments. dotStables starts with dotUSD, which tracks the US dollar and is supported by DOT; the Polkadot Technical Fellowship will oversee dotUSD and other dotStables, in conjunction with independent audits and risk management.The new strategy also specifies the allocation of shared funds and resources, advocating a shift from general marketing services to incentive activities directly linked to measurable user engagement, ensuring that spending serves the product growth authorized by DOTDAO. Products on the product platform are designed to attract users, and user activities will create demand for the stable value asset dotStables supported by DOT. According to the authorization, the design of dotStables should ultimately convert this demand into demand for DOT.

first_img Reuters: China's over 3.2 billion USD AI data center project still designated to use restricted NVIDIA chips

According to a Reuters survey, Chinese developers are still planning AI data centers around Nvidia processors that are subject to U.S. export controls, with a total project value exceeding 23 billion yuan (approximately 3.2 billion USD). The agency compiled over 150 procurement announcements, investment plans, and corporate records, many of which explicitly list H100, H200, or H800 chips. The 3.2 billion USD is the overall investment amount for the projects, covering infrastructure such as construction and power, and the documents did not prove that all related chips have been obtained, nor did they show any violations.A proposed computing center in Fujian is valued at 6.2 billion yuan (approximately 873 million USD), with the official investment list specifying H100 servers, which are still seeking financing; a state-owned engineering group in Shaanxi has won a contract related to a 3 billion yuan project, with documents listing H100 and H200; a 2.26 billion yuan project in Jilin plans to combine Nvidia hardware with domestic processors; a proposed project in Inner Mongolia specifies 625 H200 servers, while Wuxi claims that an H800 cluster has been put into operation in March 2025.Since 2022, the U.S. has restricted the export of advanced AI chips to China, and in January 2026, the Department of Commerce changed the export application for H200 to case-by-case approval, with sales still requiring a license, and restrictions on H100 being even stricter. Reuters cited IDC data stating that in the first half of 2026, Nvidia accounted for 34% of AI accelerator shipments in China, while Huawei accounted for 28%. Chinese developer Z.AI has released an image generation model fully trained on Huawei chips. These records show that Nvidia is still deeply embedded in China's AI infrastructure planning, putting pressure on U.S. officials facing congressional scrutiny.
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