According to the Gate News bot, the official announcement from the Kinto project party states that the Kinto (KINTO) project has gone bankrupt due to a security incident, and its foundation has decided to initiate the liquidation process and terminate project operations. According to the project party's requirements, Gate will delist the KINTO_USDT spot trading pair and related quantitative grid trading on September 9, 2025, at 10:00 ( UTC+8. Gate has closed the recharge service for KINTO. Users can learn about subsequent settlement and claims through official channels.

On September 8, the overall sentiment in the crypto market is neutral. The total DeFi TVL across the network has slightly risen to 15.3152 billion USD, increasing by 1.12% in 24 hours, but DEX trading volume remains sluggish at only 9.164 billion USD, a decline of 17.86% compared to last week. On-chain highlights include Venus successfully recovering 11.4 million USD of stolen funds, Hyperliquid launching the USDH stablecoin issuance bidding, and Aster's token TGE coming soon. The Trump family's wealth has become a focal point due to the soaring value of WLFI and ABTC, while the Arbitrum ecosystem project Kinto has announced it will close at the end of September.

Gate News bot message, according to the official announcement from Gate on August 8, 2025: Gate platform announces that the trading symbol for the Kinto token has been changed from K to KINTO. This change only involves the alteration of the token trading symbol and does not involve any replacement or migration at the blockchain level. The platform will resume KINTO's deposit services and will reopen KINTO's trading and withdrawal functions on August 9, 2025, at 14:00 ( UTC+8. All users can check the related balance changes in the billing details.

Gate News Bot message, August 7th, according to CoinMarketCap data, K (Kinto) is currently priced at $4.27, having risen 407.07% in the last 24 hours, with a high of $4.72 and a low of $0.84. The 24-hour volume reached $775,700. The current market capitalization is approximately $7.85 million, an increase of $6.3 million compared to yesterday. Kinto is a modular exchange that provides users with the best DeFi experience through non-custodial insurance wallets and a modular exchange. The platform aims to create a safer, faster, and lower-cost network to meet the needs of DeFi and traditional finance. Kinto offers an attractive infrastructure for users, developers, and investors, committed to building an open and transparent financial system. K Recent Important News:

According to the Gate News bot message, the announcement from the Gate platform is dated August 1, 2025. Gate has completed the exchange of Kinto (K) tokens. This exchange was based on the restart plan following the hacking incident of Kinto. According to the snapshot set by the project team on July 10, 2025, at 16:37:32 1928374656574839201 UTC+8, holders at different time periods received different exchange ratios. The new version of K token will reopen trading on August 6, 2025, at 11:00 ( UTC+8. The new token has been deployed on the Arbitrum network, and the contract address is 0x6ba19ee69d5dde3ab70185c801fa404f66fedb58.

According to Jinse Finance, Kinto officially announced that the deployment of the $K Token on the Arbitrum chain has suffered an external attack. The official statement pointed out that other funds bridged to the Kinto network remain safe in user Wallets, and no bridging liquidity is under threat. Currently, security institutions such as Seal 911, Hypernative, Venn, and Zeroshadow are assisting in a comprehensive investigation and have reported to the relevant authorities. The market shows that Kinto (K) has dropped over 90%, currently priced at $0.56, with a circulating market cap of nearly $1 million.

Odaily News Kinto announced on the X platform that it has confirmed a vulnerability in the network affecting the deployment of K Token on the Arbitrum on-chain. However, funds bridged to the Kinto network in user wallets are currently safe, and institutions such as Seal 911, Hypernative, Venn, and Zeroshadow are assisting in a comprehensive investigation.

Odaily Planet Daily News Tianqiao Capital founder Anthony Scaramucci said he is an early investor and supporter of the Layer2 network Kinto, with his company investing $150,000 in the platform. The project's native Token K was launched through a fair auction on February 18. In addition to Skybridge Capital, other venture capital firms supporting the exchange's total of 7 million dollars in financing include Parafi, Spartan Group, Modular, and Robot

Layer 2 network Kinto revealed in a post on X that a major announcement will be released next week. The community speculates that it may be related to TGE.

Odaily Planet Daily News, Layer 2 network Kinto revealed in a post on X that it will release a major announcement next week. The community speculates with TGE.