Ethereum Layer 2 Kinto shuts down in wake of $1.6 million July exploit
Kinto, the "modular exchange" and Ethereum Layer 2 network that courted traders and institutional firms as a fully KYC-compliant protocol, will shut down on September 30 in the wake of a July exploit that drained $1.55 million from lending pools. On July 10, Kinto was hit by a sophisticated smart co…