CoinWorld news, Kinto founder Ramon Recuero released a detailed review report on the hacking incident involving the K token. This attack originated from a hidden backdoor vulnerability in the ERC-1967 Proxy standard, which allowed the attacker to bypass blockchain explorer detection, upgrade the K proxy contract on Arbitrum, and mint unlimited tokens. Subsequently, approximately 1.55 million dollars in liquidity was extracted from both Uniswap V4 and Morpho Blue. [CoinWorld]