Kinto pitched itself as the security first chain.
KYC for every user. Audits and monitoring. Firewalls. Insurance for wallets.
Their pitch wrote that crypto is 'dwarfed by the constant [...] smart contract hacks[...] Kinto is [...] designed to address all these problems.'
But
Kinto
@KintoXYZ
09-08
1/ 🛑 Kinto is shutting down.
After exhausting every path to keep going, we’re conducting orderly wind-down to protect users and community.
- Users can normally withdraw assets
- Phoenix lenders receive ~76%
- Morpho Victims can claim up to $1.1k each
Read full details 🧵
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
