Kinto Joint Creation: The attack incident caused a loss of about 1.55 million US dollars, and contact has been made with the relevant departments to trace the stolen funds.

According to Techub News, Ramon Recuero, co-founder of the Arbiturm ecological modular trading platform Kinto, stated in a tweet regarding the attack incident that yesterday hackers exploited a vulnerability in minting unlimited K Tokens on Arb, minting 110,000 K and beginning attacks to deplete Morpho Vault and Uniswap v4 pool. The final loss was approximately 1.55 million USD in ETH and USDC, resulting in fluctuations in the K Token price. The team has now contacted relevant authorities to trace the stolen funds. If the stolen funds are tracked down or funds are raised in the future, the team will restore the K Token balance to the state before the hacker attack as per the snapshot before July 31 and will restart trading on the CEX at the price prior to the attack.

In addition, Kinto tweeted that a vulnerability has been confirmed on the network, affecting the deployment of K Token on the Arbitrum chain; however, the other funds bridged to the Kinto network in user wallets are currently safe. Institutions such as Seal 911, Hypernative, Venn, and Zeroshadow are assisting with a comprehensive investigation.