[Kinto to Shut Down on September 30, Founder Promises Partial Compensation for Hack Victims] The modular trading platform Kinto previously suffered a hack in July due to a smart contract vulnerability, resulting in the loss of 577 ETH (approximately $1.55 million). The platform has announced it will shut down on September 30. Founder Recuero stated that after Kinto closes, all remaining foundation assets will be returned to lenders of the 'Phoenix' program, allowing lenders to recover 76% of their loan principal. Additionally, Recuero has pledged to use $55,000 of his personal funds to compensate some victims on the Morpho platform, with each address eligible to receive up to $1,100.