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by: xpoolPosted on: September 9, 2025

Kinto’s Closure: A Case Study of DeFi Security Risks

The Ethereum layer 2 project Kinto has announced its closure after a significant financial setback caused by a security breach in July. Hackers exploited a vulnerability in Kinto’s smart contract, leading to the minting of counterfeit tokens and the theft of nearly $1.55 million from user funds. This incident exposes vulnerabilities inherent in decentralized finance systems. 🤯

Related posts:

  1. Optimizing Beldex PoS: Introducing VRFs for Fair, Randomized & Secure Block Selection
  2. World Liberty Financial Blocks Hacking Attempts During Token Launch
  3. Ethereum Layer 2 Project Kinto Shutting Down Following $1.6 Million Exploit
  4. Kiln Suspends Ethereum Validators Following SwissBorg Security Breach
Crypto Security DeFi Ethereum

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