💥 Gate Square Event: #PostToWinCGN 💥  
Post original content on Gate Square related to CGN, Launchpool, or CandyDrop, and get a chance to share 1,333 CGN rewards!  
📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC 
📌 Related Campaigns:  
Launchpool 👉 https://www.gate.com/announcements/article/47771  
CandyDrop 👉 https://www.gate.com/announcements/article/47763 
📌 How to Participate:  
1️⃣ Post original content related to CGN or one of the above campaigns (Launchpool / CandyDrop).  
2️⃣ Content must be at least 80 words.  
3️⃣ Add the hashtag #PostToWinCGN   
4️⃣ Include a screenshot s
A hacker is using the one-stop DeFi protocol Merkl to create unverified activities to defraud user deposits.
According to Wu, DeFi player YAM has learned that hackers are using the one-stop DeFi protocol Merkl to create unverified activities to defraud user deposits. Recently, hackers induced users to deposit USDC into the Euler Vault by creating three-digit APR incentives on Sonic, and then drained all deposits. Since Euler is permissionless, hackers were able to deploy a “fake” market, manipulate Oracle Machine prices, and then create an unverified fake activity on Merkl to attract user deposits, subsequently transferring user funds. So far, the scheme has caused over $145,000 in losses. Although both Merkl and Euler clearly label activities/markets as unverified, YAM calls for increasing the difficulty of deposits into such unverified activities and adding more pop-up warnings.