💥 Gate Square Event: #PTB Creative Contest# 💥
Post original content related to PTB, CandyDrop #77, or Launchpool on Gate Square for a chance to share 5,000 PTB rewards!
CandyDrop x PTB 👉 https://www.gate.com/zh/announcements/article/46922
PTB Launchpool is live 👉 https://www.gate.com/zh/announcements/article/46934
📅 Event Period: Sep 10, 2025 04:00 UTC – Sep 14, 2025 16:00 UTC
📌 How to Participate:
Post original content related to PTB, CandyDrop, or Launchpool
Minimum 80 words
Add hashtag: #PTB Creative Contest#
Include CandyDrop or Launchpool participation screenshot
🏆 Rewards:
🥇 1st
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.