KITE Foundation officially reports on the progress of the security incident response: the new ERC-20 contract has been deployed on the Ethereum mainnet. The total supply remains unchanged, and the legacy KITE and the new KITE will be migrated on a 1:1 basis. The confirmed attacker address(es) will be removed and will not receive new tokens.

The snapshot is based on block 25,692,498 (2026.8.6 09:05). The new contract has been verified through an independent third-party audit.

The good news is that ordinary users need to do almost nothing: EOA wallets will automatically receive the new tokens according to the snapshot—no manual exchange, no visiting websites, and no need to approve contracts; exchange users also do not need to submit any forms or perform on-chain actions. This will be coordinated between the exchange and the KITE team, and deposits/withdrawals will be gradually restored. Cross-chain channels are paused until migration verification is completed, then resumed after liquidity is in place.

The Foundation also reminds the community to watch out for impersonator customer service, phishing links, and fake airdrop pages—official channels will not request seed phrases, private keys, passwords, or 2FA, nor will they collect any migration fees. All information is subject only to official channels.

Looking back, on August 6, after the team detected abnormal transfers, it quickly paused transfers and cross-chain channels. The incident caused no actual asset loss, and the impact has been fully contained. This responsiveness and transparent communication are commendable. $ETH #KITE