News linked to both this project and an event.
Flap has announced the official launch of a perpetual contract vault powered by MYX Finance. After a project issues a Meme token, a perpetual contract market can be opened simultaneously. Trading taxes will flow into the vault and be automatically used to buy back tokens, with the repurchased tokens serving as liquidity.Token holders can earn trading tax rewards and perpetual market revenue, the latter including trading fees and funding rate-related income. This mechanism supports any asset in creating a perpetual market from day one without permission, requiring no project review or waiting for listing approval.
According to CoinDesk, a Gnosis Safe wallet on Ethereum was attacked, with approximately 2,900 rsETH (valued at around $7.8 million) transferred. Security firms BlockSec, Blockaid, and SlowMist pointed out that the root cause of the attack lies in an authorization check flaw within the wallet-approved Multicall contract—the contract is intended to verify caller permissions, but the vulnerability allows anyone to bypass validation simply by targeting the contract itself. The attacker subsequently moved the rsETH into a liquidity pool based on the valueless token "Permissionless Attacker Token." An automated bot named "yoink" paid approximately $47,000 to frontrun the transaction, transferring 2,882 rsETH to a separate address. rsETH issuer Kelp DAO stated that its smart contracts are secure and rsETH is fully collateralized, and has implemented a 24-hour pause measure on the relevant addresses.