kinto

ChainCatcher news, the Arbitrum ecological modular trading platform Kinto suffered a smart contract attack in July, resulting in a loss of 577 ETH, approximately 1.55 million USD. Kinto announced it will shut down on September 30.Its founder Recuero promised to compensate some of the hacker victims after Kinto closes. According to Recuero, all remaining foundation assets will be returned to the lenders of the "Phoenix" program, who will recover 76% of the loan principal. Recuero also pledged to contribute $55,000 of personal funds to compensate the victims of the hack on the Morpho platform, with a maximum of $1,100 per address.

ChainCatcher news, Ramon Recuero, co-founder of the Arbitrum ecosystem modular trading platform Kinto, responded to yesterday's attack incident. The hacker exploited a vulnerability in Arbitrum that allowed for unlimited minting of K tokens, minting 110,000 K and launching an attack aimed at draining the liquidity pools of Morpho Vault and Uniswap v4. This incident resulted in approximately $1.55 million in losses of ETH and USDC, causing significant fluctuations in the price of K tokens.Currently, the Kinto team is working with relevant parties to trace the stolen funds. The official statement indicates that if the assets are successfully recovered or compensation funds are raised, they will restore users' K token balances based on a snapshot taken before the attack by July 31, and restart trading on CEX at the price prior to the attack.

ChainCatcher news, according to official sources, MEXC will launch Kinto (K) in the innovation zone on March 31 at 23:00 (UTC+8), and open the K/USDT trading market. On the same day at 23:10, the K/USDC trading market will open, and the K U margin contract will be launched simultaneously.On April 1, 2025, at 00:00 (UTC+8), the flash exchange function will be launched, allowing seamless and real-time exchanges with other assets.To celebrate the launch of Kinto (K), MEXC is simultaneously launching two major events:Event 1: Launchpool staking event, with a total prize pool of 10,100 K. Users can participate in mining by staking USDT, MX, or K. Event time: March 28, 2025, 18:00 -- March 31, 2025, 18:00 (UTC+8).Event 2: Airdrop+ event with a distribution of 2,700 K and 50,000 USDT. Event time: March 28, 2025, 18:00 -- April 7, 2025, 18:00 (UTC+8).

ChainCatcher message: According to official news, MEXC will open pre-market trading for Kinto (K) on March 25, 2025, at 22:00 (UTC+8). Users can trade in advance before the K spot trading opens.

ChainCatcher news, according to CoinDesk, the Abu Dhabi branch of asset management firm Brevan Howard Digital has deployed $20 million to the Ethereum-based on-chain financial network Kinto.Kinto is a blockchain platform designed specifically for institutional participation in decentralized finance (DeFi), and this investment marks a growing trend of traditional financial companies engaging in the DeFi ecosystem.

ChainCatcher news, Layer 2 network Kinto revealed in a post on platform X that a major announcement will be made next week. The community speculates it is related to the TGE.

ChainCatcher news, according to official sources, Pyth Network has announced a partnership with Kinto to deploy Pyth Price Feeds services, which will provide smart contract developers in the Kinto ecosystem with continuous access to first-party financial data.

ChainCatcher message, Layer2 network Kinto announces that Kinto's mining rewards will reach an all-time high. Before September 18, Kinto will allocate 2% of its token supply as mining rewards.

ChainCatcher news, Layer2 network Kinto announced on X that users can now claim K mining rewards, which can be claimed weekly.Previous news, Kinto stated on X that the mining program will allocate 2% of the token supply this summer, with active users who deposit funds and application developers who receive those funds through contracts being rewarded.

ChainCatcher news, the L2 network Kinto announced on social media that it has partnered with the crypto insurance company Breach Insurance to provide theft and hacking protection services for user wallets.Breach Insurance will provide and manage the insurance coverage for Kinto wallets, with wallets holding assets over $100 automatically covered. For smart contract hacks and cyber attacks, users can receive a default insurance of $2,500 at no additional cost. Users can also use additional K tokens to enhance their protection level.

ChainCatcher news, Layer2 network Kinto announced on social media that it has launched a mining program, which will allocate 2% of the supply this summer. Active users who deposit funds and application developers who receive those funds through contracts will be rewarded.

ChainCatcher news, according to official sources, Ankr has announced that it will become a public RPC provider for the Ethereum L2 network Kinto. Users will be able to access Kinto's public and premium RPC, make request calls, and receive the same information returned as they would from their own running nodes.

ChainCatcher news, Layer 2 network Kinto announced the official launch of its mining plan on X, which will allocate up to 33% of the token supply over a period of 10 years. Rewards will gradually decrease over time, calculated off-chain, and distributed on-chain weekly, starting from July 8.The mining plan will reward asset deployers and developers; the longer and more capital is deployed, the more Kinto tokens will be earned.Additionally, Engen founding participants holding ENGEN tokens can receive a reward of 15-20%; using specific protocols can earn extra rewards, such as a 5% bonus for wUSDM from the Mountain Protocol.

ChainCatcher news, the Layer2 network Kinto has migrated to the Arbitrum ecosystem through the Arbitrum Nitro technology stack. This migration took place after changes in the structure of the Arbitrum Orbit chain ecosystem, which will grant the Arbitrum Foundation greater autonomy in negotiating Layer2 deployments.Kinto stated that it can support modern financial institutions and decentralized protocols by building a Layer2 that complies with KYC standards. It also aims to reduce the risks of DeFi vulnerabilities and provide built-in insurance for all smart contracts.

ChainCatcher news, according to CoinDesk, blockchain startup Kinto announced that it has completed $5 million in funding this year to develop an Ethereum Layer 2 network compliant with anti-money laundering laws based on the OP Stack, aimed at connecting financial institutions and real-world assets through DeFi.According to RootData, Kinto received $1.5 million in Pre-Seed funding from Kyber Capital Crypto earlier this year.Recently, Kinto completed another $3.5 million in funding, led by Kyber Capital Crypto, Spartan Group, and Parafi, with participation from SkyBridge Capital, Kraynos, Soft Holdings, Deep Ventures, Modular, Tane, and Robot Ventures.