TechFlow reports that Tonka Finance, an inscription lending protocol, conducted multiple rounds of Fair Launch for its ecosystem token $TOKA on December 28, with each round selling out in an average of three minutes. During the Fair Launch, several malicious users conspired to conduct frontrunning attacks in the third round. However, these users mistakenly identified an internal testing contract address as the official launch contract address, sending over 350 ETH to the test address, resulting in irreversible asset loss.
Currently, Tonka Finance has thoroughly reviewed transactions from the initial Fair Launch rounds, further identifying and flagging multiple malicious wallet addresses. To ensure fairness of the Fair Launch and protect all participants' rights, Tonka Finance has upgraded its contract and will allow malicious users involved in this Fair Launch to withdraw their funds.
