PANews July 10 news, according to official sources, Kinto confirmed that the $KToken deployment on Arbitrum encountered a vulnerability attack outside the Kinto network. Kinto stated that other funds bridged to the Kinto network remain safe in user wallets, and the bridging treasury is unaffected. Currently, Kinto has partnered with teams such as Seal 911, Hypernative, Venn, and Zeroshadow to conduct a comprehensive investigation and will report to relevant authorities. More information will be announced as soon as possible.
CoinGecko market data shows that in the past 24 hours, Kinto's K token has dropped over 90%.