📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
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.