-- Blockchain platform CFXNETWORK is facing its most severe infrastructure crisis to date after a powerful tropical typhoon struck southern China earlier this week.
The most severe infrastructure crisis to date after a powerful tropical typhoon struck southern China
The natural disaster has devastated its main data center, leading to a complete server collapse and large-scale data loss, with recovery deemed highly unlikely.
Core Data Center Fully Paralyzed
According to an official statement from CFXNETWORK’s technical team, the primary data center — which hosts the core nodes and storage systems of the blockchain network — sustained serious physical damage due to prolonged power outages, flooding, and hardware destruction.
The incident caused a total shutdown of system operations since October 10, severely disrupting data processing and on-chain user transactions.
Part of the offsite backup network also became unreachable due to international network instability, increasing the risk of permanent data loss.
Internal reports indicate that less than 40% of stored data may be recoverable, while the remaining portion suffered extensive physical corruption, making full restoration nearly impossible in the short term.
Emergency Response Underway Amid Harsh Conditions
Immediately after the incident, CFXNETWORK activated its emergency response protocol, mobilizing infrastructure engineers and data recovery specialists from multiple regions to assess and mitigate the damage.
However, physical damage to the facility and post-storm access limitations have made recovery efforts extremely challenging.
Alex, a spokesperson for CFXNETWORK, told international media:
“This is the most critical infrastructure failure we have ever faced. The depth of the physical damage makes a full recovery nearly impossible. However, our teams are working tirelessly to preserve remaining data, partially restore systems, and prevent further losses.”
Alex also confirmed that no signs of external attack have been detected, though all security layers and blockchain ledger integrity are being thoroughly reviewed.
Platform Operations Suspended, Community Urged to Stay Cautious
CFXNETWORK has suspended all non-essential technical operations to focus entirely on system restoration and data security.
The development team has advised users and partners not to perform transactions or log in while the network remains unstable.
“We understand the inconvenience and losses the community is enduring. Although this is a force majeure event, CFXNETWORK remains committed to transparency and will continue to update the public on recovery progress,” the statement said.
CFX Token Plunges Over 60% Within Hours
Following the widespread news of the outage, the CFX token price plunged from $0.1567 to $0.0623, marking a sharp 60% decline within just a few hours.
The sudden drop reflected investor panic and concerns over potential data loss and operational recovery risks.
According to data from major exchanges, trading volume surged more than fourfold compared to previous monthly averages, as sell pressure dominated the market.
Several market analysts suggested that CFX may continue to experience high volatility until there is clearer information about the system’s recovery status.
Low Recovery Probability, Long-Term Infrastructure Restructuring Planned
Engineering teams estimate that partial data recovery and system rebooting could take several months.
CFXNETWORK stated that it is working with independent data recovery firms and regional infrastructure providers to conduct a full-scale assessment of the damage.
In its long-term strategy, the project plans to relocate its infrastructure to safer data zones and implement multi-region backup architecture, enhancing resilience against future natural disasters and technical risks.
Apology and Commitment from the CFXNETWORK Team
In light of this unprecedented event, CFXNETWORK extended its deepest apologies to its community and partners, calling for patience during the recovery phase.
The project confirmed that a comprehensive incident report and recovery roadmap will be released once technical evaluations are complete.
“We deeply regret this severe disruption. Although the recovery process will take time, our commitment to the community and the broader blockchain ecosystem remains unchanged,” Alex emphasized.
About CFXNETWORK
CFXNETWORK is a Layer-0 blockchain infrastructure platform that enables developers and organizations to build scalable and customizable decentralized networks. The project aims to foster a transparent, secure, and globally connected blockchain ecosystem.
Contact Info:
Name: Alex from ShangHai
Email: Send Email
Organization: CFXNETWORK
Website: https://cfxnetwork.asia/
Release ID: 89172468
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