Ethereum layer-2 Kinto’s token plummeted after its team announced its blockchain would wind down on Sept. 30, months after a $1.6 million hack. The Kinto token, the governance token of the Kinto Network, has plummeted over 80% after its team announced its Ethereum layer-2 blockchain is shutting down at the end of September, following months of setbacks.Kinto raised $1 million in debt to restore trading on its “modular exchange” after an industry-wide hack in July drained about 577 Ether (ETH) worth around $1.6 million from the protocol. However, worsening market conditions “killed further fundraising,” forcing the crypto project to shut down, Kinto posted to Medium on Sunday. Read more Ethereum layer-2 Kinto’s token plummeted after its team announced its blockchain would wind down on Sept. 30, months after a $1.6 million hack. The Kinto token, the governance token of the Kinto Network, has plummeted over 80% after its team announced its Ethereum layer-2 blockchain is shutting down at the end of September, following months of setbacks.Kinto raised $1 million in debt to restore trading on its “modular exchange” after an industry-wide hack in July drained about 577 Ether (ETH) worth around $1.6 million from the protocol. However, worsening market conditions “killed further fundraising,” forcing the crypto project to shut down, Kinto posted to Medium on Sunday. Read more
Kinto plunges 81% as ETH L2 set to wind down months after hack
Ethereum layer-2 Kinto’s token plummeted after its team announced its blockchain would wind down on Sept. 30, months after a $1.6 million hack.
The Kinto token, the governance token of the Kinto Network, has plummeted over 80% after its team announced its Ethereum layer-2 blockchain is shutting down at the end of September, following months of setbacks.
Kinto raised $1 million in debt to restore trading on its “modular exchange” after an industry-wide hack in July drained about 577 Ether (ETH) worth around $1.6 million from the protocol.
However, worsening market conditions “killed further fundraising,” forcing the crypto project to shut down, Kinto posted to Medium on Sunday.
Read more
Market Opportunity
Moonveil Price(MORE)
$0.002248
$0.002248$0.002248
USD
Moonveil (MORE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
XRP Price Prediction: $DSNT Could Outperform Ripple Once the Token Goes Live on Multiple Rumored CEXs at the End of January
Galaxy Digital’s $75 million tokenized loan deal shows how fast institutions are pushing traditional finance on-chain. But while firms focus on private credit
Share
Coinstats2026/01/17 22:00
Wormhole breekt door $0,10 en stijgt meer dan 30%
Wormhole (W) knalt vandaag door een belangrijk technisch niveau en laat een forse stijging zien. Na maanden van handel onder de grens van $0,10 is de coin er nu overtuigend doorheen gebroken. Met een koers van $0,116 en een handels volume van $404,49 miljoen in de afgelopen 24 uur, noteert... Het bericht Wormhole breekt door $0,10 en stijgt meer dan 30% verscheen het eerst op Blockchain Stories.
Share
Coinstats2025/09/18 20:33
‘The White Lotus’ Season 4 Officially Casts Its Next Two Actors
The post ‘The White Lotus’ Season 4 Officially Casts Its Next Two Actors appeared on BitcoinEthereumNews.com. With filming on the near horizon, The White Lotus
Share
BitcoinEthereumNews2026/01/17 22:35