KITE will migrate the new token contract 1:1, and the attackers' addresses are excluded

Comparing news, the KITE Foundation reported the progress of handling the token security incident. A new KITE ERC-20 contract has been deployed on the Ethereum main network. The total token supply remains unchanged. The old KITE will migrate to the new contract at a 1:1 ratio. It has been confirmed that addresses controlled by attackers will be eliminated and no new tokens will be obtained.

The migration snapshot is based on the Ethereum mainnet block height of 25,692,498. Ordinary self-hosted wallet users will receive new tokens directly without exchange or authorization; exchange users will be migrated in coordination with the exchange and KITE team. The cross-chain channel will continue to be suspended until migration and verification are completed.

Earlier, KITE discovered an abnormal transfer on August 6 and confirmed that it had been hacked. The team said that the incident did not cause loss of user or project assets, and the impact has now been brought under control.