KITE contains Ethereum mainnet token attack, foundation says no coins lost
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Key points of the news: The Kite Foundation detected and managed to contain an attack on its native token on the Ethereum mainnet, no loss of funds was reported. The token currently operates around $0.104, reflecting a drop of more than 67% from its historical peak of $0.3212 recorded on March 6. This incident adds to a series of AI-assisted attacks that affected Boltz, AQUA Wallet and ZEUS in the last two weeks. The Kite Foundation announced th…
KITE contains Ethereum mainnet token attack, foundation says no coins lost
The Kite Foundation shared on X on August 6 that it caught and shut down an attack on its KITE token running on Ethereum mainnet. It stated that no tokens were taken. For a project that spent early 2026 as one of the few new tokens climbing into the top 100, the incident is an unwelcome entry into a summer defined by hacks. KITE now joins Boltz, AQUA, ZEUS, and a growing list of DeFi protocols that have been probed or drained over the past two w…
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