Ramon Recuero, co-founder of Arbiturm ecosystem modular trading platform Kinto, said in a post on the attack incident that yesterday hackers took advantage of the vulnerability of minting unlimited K tokens on Arbiturm, minted 110,000 K and started the attack to deplete Morpho Vault and Uniswap v4 pools. The final loss is about $1.55 million ETH and USDC, and caused the price of K tokens to fluctuate.
At present, the Kinto team has contacted the relevant departments to track down the stolen funds. If the stolen funds are traced or raised in the future, the team will restore the K token balance to the pre-hack snapshot state by July 31 and restart transactions on CEX at the pre-attack price.
Kinto Lianchuang: The attack caused about $1.55 million in losses, and has contacted relevant departments to track down the stolen funds
2025-07-11 02:19:08
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