TechFlow news, July 10 — Kinto officially announced that the $K token deployment on Arbitrum was subjected to an external network attack. The official statement emphasized that funds bridged to the Kinto network remain safe in users' wallets and that no bridge vaults were compromised. Security firms including Seal 911, Hypernative, Venn, and Zeroshadow are assisting with a comprehensive investigation, which has also been reported to relevant authorities. Market data shows that Kinto (K) has dropped over 90%, currently trading at $0.56, with a circulating market cap of nearly $1 million.
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