Foresight News reports that Kinto has announced the confirmation of a vulnerability in the network, which affected the deployment of token K on the Arbitrum chain. However, the other funds bridged to the Kinto network in user wallets are currently safe, and institutions such as Seal 911, Hypernative, Venn, and Zeroshadow are assisting in a comprehensive investigation.
Foresight News previously reported that Kinto token K plummeted from $7.5 to $1.1 today, a drop of 85%.