arbiturm

ChainCatcher news, Ramon Recuero, co-founder of the Arbitrum ecosystem modular trading platform Kinto, responded to yesterday's attack incident. The hacker exploited a vulnerability in Arbitrum that allowed for unlimited minting of K tokens, minting 110,000 K and launching an attack aimed at draining the liquidity pools of Morpho Vault and Uniswap v4. This incident resulted in approximately $1.55 million in losses of ETH and USDC, causing significant fluctuations in the price of K tokens.Currently, the Kinto team is working with relevant parties to trace the stolen funds. The official statement indicates that if the assets are successfully recovered or compensation funds are raised, they will restore users' K token balances based on a snapshot taken before the attack by July 31, and restart trading on CEX at the price prior to the attack.

ChainCatcher news, the first AI rap chain game in Web3, RapChain, has officially launched its first rap battle. This game is built on Arbitrum and Song Protocol, with a public prize pool for each battle available for players to compete for. Participating in the game also allows players to accumulate "contribution points RapPoint," which may lead to future Token and airdrop rewards. Head over to RapChain to let AI unleash creativity and team up with 9 AI celebrities to become the hottest rap artist on the chain.

ChainCatcher news, according to Lookonchain monitoring, a whale address that had been dormant for 1.6 years withdrew 450,881 ARB (worth $504,000), 260,961 OP (worth $350,000), and 30,313 ENS (worth $275,000) from Binance 6 hours ago, and deposited 2 million USDT into Binance. (source link)