KITE Foundation Detects and Contains Token Attack with No Funds Lost

Chainthink

Release Time: 08/06/2026 07:24:26

Summary

The KITE Foundation announced that new token listings remain secure following the detection of a token attack on August 6, 2026. Abnormal KITE token transfers on Ethereum triggered a system pause, halting all transfers and cross-chain activity. The affected tokens have been frozen and will not reach the secondary market. Investigations are ongoing, with the token launch news underscoring the project’s proactive security response.

ChainThink reports that on August 6, according to a post on X by the KITE Foundation, it detected an attack targeting the KITE token. The attack has been identified and contained, with no funds lost.

The official statement indicated that the security monitoring system flagged anomalous KITE token transfers on the Ethereum mainnet; in response, the team initiated incident response procedures and suspended all KITE token transfers on the Ethereum mainnet, including cross-chain functions.

The KITE Foundation stated that the affected tokens have been frozen and will not enter the secondary market. The relevant investigation is ongoing.

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