I Lost Value on Kinto Token on MEXC After Hack Due to Unfair Snapshot Timing

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August 01, 2025 8:07 pm
63

On July 10, 2025, at 14:59, I purchased Kinto Token on the MEXC exchange, completely unaware that the project had been hacked earlier that day. The Kinto team took a snapshot at 11:30 AM, right after the hack, but continued allowing trades on exchanges like MEXC without any visible warning. As a result, I bought tokens during a period when trading should have already been halted—but wasn't.

Later, the team announced that only users who held tokens before the 11:30 AM snapshot would be eligible for a token swap or recovery process. This decision completely ignores those of us who unknowingly bought after the breach but before exchanges like MEXC finally suspended trading.

This feels entirely unjust. The team should use the actual time that exchanges disabled trading as the cutoff for the snapshot—not just the time the hack occurred. Many users, like myself, had no chance to know what was going on until it was too late.

I strongly urge Kinto and MEXC to adjust the snapshot time to reflect the exchange trading halt, not the hack itself. Please fix this and ensure fair treatment for those of us who got caught in this gap.

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