Kinto Token Crashes to Record Low Amid Suspected Exploit

Key Points

1. Kinto's token (K) plummeted nearly 92% in 24 hours, hitting an all-time low of $0.5114 on July 10, following an off-chain exploit tied to its Arbitrum deployment.

2. The exploit impacted firms Seal 911, Hypernative, Venn, and Zeroshadow, with 73.6% of investor tokens (1.86 million) unlocked, doubling the circulating supply.

3. Analysts estimate at least $15 million worth of K tokens were unlocked at the end of June, with accusations that early investors dumped their holdings during a bullish market.

4. The token's price crashed from $8.12 to under $1, with volatile swings, and its market capitalization dropped to just $925,886 amid $2.8 million in trading volume.

5. Community sentiment turned negative, with influencers labeling Kinto a 'scam,' while a CertiK report highlighted that crypto projects lost $620 million in Q2 2025 due to security vulnerabilities.