News

ChainCatcher reported that the Chinese decentralized contract trading platform Sun Wukong held a community AMA, answering user questions regarding security mechanisms, risk control design, transparency, and user feedback mechanisms. The Sun Wukong community spokesperson stated that the platform adopts smart contract self-custody and multi-signature mechanisms, with all assets verifiable on-chain. Since the public beta, the platform has not experienced any security incidents, and assets under custody have exceeded $50 million. In terms of risk control, Sun Wukong has built a triple defense system consisting of an automatic liquidation system, a price oracle anti-manipulation system, and AI-driven 24/7 abnormal volatility monitoring. Since the public beta, it has processed over 1.8 billion USDT in trading volume with zero systemic risk events. Regarding trading transparency, fee $SUN buybacks and other activities are carried out simultaneously, and the community can track revenue distribution in real time. In addition, Sun Wukong has established multi-channel user feedback mechanisms, and the team also plans to launch a trading data dashboard and low-latency API in Q4 to further enhance the platform's openness and professionalism. Risk Warning

Jinse Finance reported that the official LAB team announced on social media that the LAB buyback program has officially launched. A dedicated buyback portal will be available soon, and a public trading competition will be open to all LAB supporters. Every LAB buyback will be publicly disclosed in real time on the portal.