According to a Foresight News report, the KITE Foundation issued a statement to inform about the handling of the KITE token security incident and the progress of the contract migration. Its team has deployed a new KITE ERC-20 contract on the Ethereum mainnet. The total token supply remains unchanged. Legacy KITE and the new KITE will be migrated on a 1:1 basis. Addresses confirmed to be controlled by the attackers will be excluded and will not receive new tokens. The migration snapshot is based on the Ethereum mainnet block height 25,692,498 (block produced on 2026-08-06 at 09:05:23). The new contract has completed an independent third-party security audit.

For regular self-custody wallet (EOA) users, the team will distribute the new tokens directly to the original addresses according to a snapshot. Users do not need to manually exchange, connect to a migration website, or grant any authorization to smart contracts. Exchange users do not need to submit migration forms or perform any on-chain actions. The exchange and the KITE team will coordinate the related migration. The exchange will update its system according to its own progress and gradually resume KITE deposits and withdrawals.

The cross-chain channels will remain paused until migration and verification are completed, and new token liquidity will resume after the migration is finished. The team also reminds the community to be vigilant against impersonated customer service, phishing links, and fake airdrop pages during the migration period. They emphasize that the official parties will not request mnemonic phrases, private keys, passwords, two-factor verification codes, or API keys, and will not ask users to pay migration fees. The new contract address and migration progress will be announced only through official channels.

Previously, on August 6, the team monitored abnormal transfer activity involving the KITE token on the Ethereum mainnet. An initial investigation confirmed it was caused by a hacker attack, and it was related to certain wallet addresses controlled by some victims. The team immediately paused ERC-20 KITE token transfers on the Ethereum mainnet and the related cross-chain channels. This incident did not result in any asset loss for users or the project, and the impact has been fully contained.