The KITE Foundation has suspended KITE transfers on the Ethereum mainnet; the attack has been contained and there are no financial losses

According to monitoring by the KITE Foundation, its security monitoring system has flagged abnormal KITE token transfer activities on the Ethereum mainnet. The team subsequently initiated an incident response and suspended all KITE token transfers on the Ethereum mainnet, including cross-chain functionality.

The affected tokens have been frozen and will not enter the secondary market. The investigation is still ongoing.