Kinto plunges 81% as ETH L2 set to wind down months after hack
The Kinto token, the governance token of the Kinto Network, has plummeted over 80% after its team announced that its Ethereum layer-2 blockchain is shutting down at the end of September, following months of setbacks.Kinto raised $1 million in debt to restore trading on its “modular exchange” after a…