📢 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#
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Notional Labs CEO: Luna big dump culprit is not Do Kwon, the mastermind is still at large
The aftermath of the collapse of the Luna and Terra ecosystems is still ongoing. Although co-founder Do Kwon has been charged with criminal fraud, Jacob Gadikian, CEO of Notional Labs, stated that the real mastermind behind the scenes has not yet been exposed. Against this background, Gadikian suspects that Luna's verification node was attacked during the UST depeg incident, leading to an abnormal operation of hundreds of millions of dollars of transactions and causing damage to the Terra blockchain. According to Flipside's report, during the UST depeg, the volume of the Terra blockchain surged six times the usual volume, and the majority of transactions were from robot operations. These robots blocked the network by sending a large number of failed transactions, making it impossible for Terra to stabilize the UST exchange rate using its economic model. Zhu Su, founder of Three Arrows Capital, accused Digital Currency Group (DCG) and FTX of jointly launching an attack on LUNA and stETH. Do Kwon's trial is scheduled for January 26, 2026.