Kinto Co-founder: The attack caused a loss of approximately $1.55 million, and we have contacted relevant departments to track down the stolen funds.

Arbitrum ecosystem modular trading platform Kinto co-founder Ramon Recuero tweeted about the attack, saying that yesterday hackers used a vulnerability to mint an unlimited amount of K tokens on $Arb, minting 110,000 K and starting an attack to drain the Morpho Vault and Uniswap v4 pool. The final loss was approximately $1.55 million USD in $ETH and $USDC, and caused K token price fluctuations. The team is currently in contact with relevant departments to track down the stolen funds. If the stolen funds are tracked down in the future or funds are raised, the team will restore the K token balance to the snapshot state before the hacker attack and restart trading on the CEX at the pre-attack price before July 31. [Foresight News]