According to the official announcement from the Kinto (K) team following the recent hacking incident, the existing K tokens have been migrated based on the snapshot taken at 08:37:32 (UTC) on July 10, 2025. Gate has successfully completed the asset swap, and users can view the details in your Transaction History. Gate will start trading for Kinto (K) on August 6, 2025, at 03:00 (UTC).
The swap details, as specified by the project team, are as follows:
- Users who held K tokens at the snapshot time of July 10, 2025, 08:00:00 (UTC) and continued holding them have been swapped at a 1:1 ratio.
- Users who purchased K tokens after July 10, 2025, 08:37:32 (UTC) and held them will be swapped based on the formula:Average purchase price × Remaining K holdings ÷ 7.48 USDT.
- Users who deposited K tokens after July 10, 2025, 08:37:32 (UTC) will not be eligible for swap, as requested by the K team.
- Users who bought or deposited K tokens between July 10, 2025, 08:00:00 and 08:37:32 (UTC) and held them need submit ticket to swap at a 1:1 ratio.
New Contract ID: 0x6ba19ee69d5dde3ab70185c801fa404f66fedb58（ARB）
Please note that Gate will no longer support the old K tokens. Gate will enable deposits and withdrawals for the new K token contract once trading restarts and security is verified. As the market for K may experience significant fluctuations after trading restarts, we strongly encourage users to be aware of the associated risks and exercise caution.
Deposit K: https://www.gate.com/myaccount/deposit/K
Trade K: https://www.gate.com/trade/K_USDT
Official Source: https://medium.com/mamori-finance/%EF%B8%8F-post-mortem-k-proxy-hack-our-path-forward-c2c3809882c6
https://docs.kinto.xyz/kinto-the-modular-exchange/general/faq
Gate Team
August 1, 2025
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