🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Token K of the Kinto exchange fell 87% in 24 hours after the Arbitrum contract was attacked.
The price of the $K token of Kinto has fallen more than 87% in the past 24 hours after a vulnerability was discovered on the Arbitrum network, leading to a sell-off that caused the price to drop 45% in one hour. Kinto announced the incident at 10:50 AM GMT and confirmed the vulnerability at 12:33 PM GMT, stating that it occurred outside of the Kinto network and affected the deployment of the $K token. An attacker minted nearly 7 million tokens, exceeding the circulating supply, and used them as collateral to borrow USDC from the Morpho protocol. Kinto is collaborating with third-party cybersecurity teams to investigate and asserts that their wallets and bridge reserves were not affected. Market sentiment around Kinto has deteriorated, with many blaming poor contract design.