KITE Migrates to New Token Contract, Attacker's Address Excluded

The KITE Foundation has deployed a new KITE ERC-20 contract on the Ethereum mainnet, with the total token supply remaining unchanged. The old KITE will be migrated to the new contract at a 1:1 ratio, and addresses confirmed to be controlled by attackers will be excluded from receiving the new tokens. The migration snapshot is based on the Ethereum mainnet block height of 25,692,498. Regular self-custody wallet users will receive the new tokens directly without the need for exchange or authorization; exchange users will have their migration coordinated by the exchange in collaboration with the KITE team. The cross-chain channel will remain paused until the migration and verification are completed. Previously, on August 6, KITE detected abnormal transfers and confirmed a hacking incident. The team stated that this event did not result in any asset loss for users or the project, and the situation has been brought under control.

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