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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
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As a pioneer in zk-based public chains, ZKWASM is now being prominently promoted on the Gate platform!
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📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
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Post original content (at least 100 words) on Gate Square related to
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- 🎉 Gate Square’s "Spark Program" Surpasses 1,000 KOLs!
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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
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2.Posts must be over 60 characters and receive at least 3 interactions (Likes/Comment/Share).
3.Post may include only the #TopContentChallenge# tag.
🎁 We’ll select 1 top post to win $50 Futures Voucher every Tuesday and Thursday!
📃 High-quality posts will be shared on Gate Square and labeled as [Featured Posts]!
📌 Rewards will be distribu
Polyhedra Blames Onchain Liquidity Attack, Wintermute Deposits for ZKJ Crash - Unchained
Polyhedra Network claims that the dramatic collapse of its ZKJ token, which fell more than 80% over a few hours on June 15, was primarily caused by a coordinated onchain liquidity attack and significant token deposits by major crypto market maker Wintermute.
“The initial investigation highlights substantial token transfers by Wintermute coinciding with extreme market volatility and a coordinated withdrawal of liquidity from PancakeSwap’s ZKJ/KOGE pool,” said the Polyhedra team in its preliminary report of the incident.
This story is an excerpt from the Unchained Daily newsletter.
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“In the hour surrounding the crash, Wintermute’s address deposited over 3.39 million ZKJ tokens to centralized exchanges,” they added.
The team also acknowledged that the affected trading pairs had fragile and imbalanced liquidity, making them highly vulnerable to large withdrawals and sales.