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🧵 1/10
$K holders deserve the facts. @Gate_io is DELAYING our relist—and every extra day is punishing 50,000 innocent users and the @KintoXYZ community.
Here’s the timeline, the receipts, and why this matters for every builder. 👇
2/10 The context
• We paid more than $300,000 in March to list on @Gate_io
• On July 10th a proxy exploit compromised $K token contract.
• We fixed the bug, raised a recovery fund, created a migration plan & got three other exchanges ready to flip the switch by July 25th.

18.7.2025
🧵 1/4 The Proxy Exploit knocked us down—but not out.
We’re launching the Kinto Phoenix Facility on @WildcatFi to raise a credit line to re-ignite liquidity, repay victims, and finish our comeback 👇

3/10 Gate’s promises vs. reality
✔️ We delivered fresh tokens.
✔️ We met every technical check they asked for.
✔️ We provided the snapshot + distribution rules.
🚫 Gate still refuses to give a date to reopen trading.
Screenshots since July 20th don’t lie👇

4/10 Two weeks of stalling
• 10–30 July: 100+ Telegram pings.
• Repeated answer: “Need internal approval.”
• Latest excuse: “We must distribute tokens first, then maybe choose a date days later.”
Meanwhile @MEXC_Official, @BingXOfficial, @BiconomyCom all said “ready when you are.”



5/10 Who’s paying the price?
🔹 Thousands of retail holders waiting to trade.
🔹 Morpho suppliers that need $K collateral trading.
🔹 Phoenix lenders who trusted the comeback.
Every extra day = reputational & financial damage they won’t reimburse.



6/10 We tried our hardest to ensure all users are treated fairly, we wanted to restart trading on all venues at the same time.
Yet we are running out of time.
7/10 We’re out of private channels
We tried diplomacy, midnight calls over a week, even offered $30k goodwill bonus.
Gate’s response? Silence & “be patient.”
Patience ran out when thousands of holders are DM-ing us daily.
8/10 Call to action
If you believe exchanges should put USERS first:
👉 RT this thread
👉 Tag @gate_io and ask why they’re blocking the $K relaunch after cashing a $300k listing fee in March.
Builders, beware and take note before you pay for a listing with them.
9/10 What happens next
We’re ready to push the go button on all other platforms.
If Gate can’t confirm trading next Tuesday, we’ll relist without them and Gate will receive the token balance they had before the hack as every other on-chain holder.
10/10 Security incidents are hard enough without bureaucracy.
We created a migration plan, raised the funds, and stood up for our community.
Now we only ask Gate to do the same as other exchanges—we paid them more than $300k to do their job.
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