Ethereum-Based PROMPT Token Plummets 68% Following MEV Exploit During Kaito Airdrop

The newly launched PROMPT token, built on Ethereum, has suffered a dramatic 68% drop in value after a front-run exploit disrupted its Kaito airdrop. The incident, involving an MEV bot dubbed ’Yoink,’ siphoned 119 ETH by exploiting vulnerabilities in the airdrop claim contract, prompting an immediate pause to the process.

PROMPT Token Drops 68% Amid MEV Exploit Targeting Kaito Airdrop

Wayfinder’s newly launched PROMPT token has tanked 68% from its post-launch high following a halt to the Kaito airdrop. A front-run exploit known as the ’Yoink’ MEV bot stole 119 ETH during the claim process, targeting vulnerabilities in the Wayfinder airdrop claim contract. Users flagged the exploit promptly, leading the TokenTable team to pause the process. Launched on April 9, PROMPT debuted on major exchanges including OKX, KuCoin, Bitget, Gate.io, Coinbase, and Binance Alpha.

Vitalik Buterin Addresses Security Concerns Over Pectra Upgrade

Ethereum co-founder Vitalik Buterin has addressed security concerns surrounding the latest EIP-7702 upgrade on Ethereum. In a recent post on Warpcast, Buterin reminded users to rely on contracts reviewed by trusted wallet teams. A user, @nftchance, had raised concerns about the non-viability of EIP-7702, pointing out that while the wallet blocks suspicious websites, it still allows delegations for potentially fraudulent contracts, exposing users to security breaches like phishing and other cyber hacks.

Vitalik Buterin Reveals Roadmap to Boost Ethereum’s Layer-1 Privacy

Ethereum co-founder Vitalik Buterin has outlined a streamlined roadmap to enhance Layer-1 privacy on the blockchain network. In a blog post, Buterin introduced a framework focused on improving user confidentiality without significant changes to the network’s CORE infrastructure. The proposal targets four distinct areas: making on-chain payments private, partially obscuring user actions within decentralized applications, hiding read-access data from the blockchain, and anonymizing network-level communications. If implemented, these upgrades could usher in a new standard in which private transactions become the default. Individual dApp activity may remain visible, but the LINK between a user’s actions across multiple platforms would be obscured.

Ethereum Price Today: Bearish Trend Returns as Fed QT Slows Momentum

The crypto market has faced ups and downs due to Trump’s tariff war and pause theory. Ethereum’s price recently surged past $1,550, touching $1,687, but the rally was short-lived. The asset has since slipped below key resistance levels and is trading under $1,580. As the price faces a new bearish trend line, bulls are at a critical juncture, either needing to break through and regain momentum or risk diving toward the $1,500 support zone. Crypto analyst Benjamin Cowen explains that Ethereum’s underperformance echoes a pattern from 2019.