Kite bridge paused during security incident; 119,976 KITE locked on HyperEVM-to-Ethereum bridge, but funds will be replaced via token migration.
Security & Exploits ·
Kite paused its HyperEVM-to-Ethereum bridge following a security incident, freezing 119,976 KITE tokens that had been bridged to Ethereum. The locked funds belong to a single user whose wallet address was notified of the situation via onchain message. Kite stated that the affected tokens are not lost and will be replaced through an allocation included in an upcoming token migration.
The bridge suspension represents a response measure taken during the security event, with the project indicating no immediate action is required from affected users. Replacement tokens are earmarked as part of the broader migration process, though specific timing and mechanics of that migration remain to be detailed.
Questions persist about the nature of the underlying security incident, the total amount of KITE affected across all users, and the precise timeline for the token migration and fund recovery. No additional details have been provided regarding whether other bridges or assets were impacted or whether the pause will be lifted before the migration occurs.