KITE Foundation confirms hack on Ethereum, pauses token contract and bridges, deploying new ERC-20 with 1:1 migration from pre-incident snapshot.
Security & Exploits ·
KITE Foundation disclosed a hacking incident involving unauthorized token transfers on Ethereum and responded by halting the token contract and cross-chain bridges. The team deployed a new ERC-20 contract with a 1:1 migration ratio, using block 25,692,498 (August 6, 2026) as the snapshot for reconstructing legitimate holder balances while excluding addresses controlled by the attacker. The foundation stated no user or project assets were lost and the incident's impact was contained.