Kinto Joint Creation: The attack caused approximately $1.55 million in losses, and relevant departments have been contacted to investigate the stolen funds

BlockBeats News: On July 11th, Ramon Recuero, co-founder of Kinto, a modular trading platform in the Arbiturm ecosystem, stated in a post regarding the attack incident that hackers exploited a vulnerability in Arbiturm to mint an unlimited number of K tokens yesterday, minting 110000 K tokens and launching attacks to exhaust the Morpho Vault and Uniswap v4 pool. The final loss was approximately $1.55 million in ETH and USDC, causing fluctuations in the price of K token. At present, the Kinto team has contacted relevant departments to investigate the stolen funds. If stolen funds are traced or raised in the future, the team will restore the balance of K token to the snapshot state before the hacker attack and restart trading on CEX at the price before the attack by July 31st.