🚨 Breaking: Kinto Shutting Down 🛑 📅 All users are expected to withdraw their assets before September 30th. ⏳ Don’t wait till the last minute — secure your

funds

Why is Kinto shutting down? Kinto recently suffered a devastating exploit connected to its deployment on the Arbitrum network. A hidden backdoor in an ERC-1967 proxy contract allowed an attacker to mint nearly 7 million $K tokens, far beyond the circulating supply, and then drain liquidity through Uniswap and Morpho. This caused the token price to collapse by over 90% in less than a day, forcing the team to pause withdrawals and trading. In response, Kinto released a post-mortem confirming the exploit originated from a vulnerability in the proxy standard rather than their own core code. The team has taken steps to protect users, including deploying a new contract on Arbitrum, taking snapshots to restore balances, injecting liquidity, and planning compensation measures for those affected.

🛑 Important: Action Required by September 30 All users are required to withdraw their assets before September 30.

⏳ Don’t wait until the last minute-secure your funds now to avoid potential loss or service interruptions.