Kira

Update on the Kintsu incident Correct routing for kintsu.xyz has been restored, and the domain no longer directs visitors to the malicious clone. We’re continuing to monitor it and to investigate the cause with our providers. From about 00:15 to 04:11 UTC on October 31, an unauthorized nameserver change at our domain registrar (Vercel, which uses Name[dot]com) redirected visitors to a malicious clone of our site. Some networks kept showing the clone until about 05:20 UTC. Our frontend code and smart contracts were not compromised. We paused sMON deposits and withdrawals at 06:34 UTC on October 31, and they remain paused. This blocks redemption through Kintsu, including an identified pending redemption associated with stolen funds. sMON transfers remain enabled. We’re leaning toward adding targeted freezing and recovery powers to help address verified theft. These would give Kintsu’s administrators greater authority, including the ability to freeze and reassign funds. That changes the trust users place in us, and we want to be transparent about the trade-offs. Any proposed upgrade will undergo an independent security audit before deployment, and we’ll explain its scope, safeguards and authorization process before it goes live. Recovery is not yet guaranteed. If you connected a wallet or signed anything on kintsu.xyz during that window, move your funds to a new wallet. The attack used a wallet “delegation” signature, so revoking token approvals alone is not enough. Then open a ticket in our official Discord with your full wallet address and transaction hashes. We’re sorry to everyone affected. Kintsu will never DM you first or ask for your seed phrase, private keys, a signature, or a payment.

Update: kintsu.xyz has been restored and is serving our real site again. We’re still working with our registrar to confirm the root cause, so please stay cautious

Update: kintsu.xyz is restored and pointing to our infrastructure again. Some networks may still show the malicious site for up to an hour while DNS caches clear. Please keep avoiding kintsu.xyz and don’t connect wallets until we post an all-clear.

⚠️ kintsu.xyz is affected by a DNS hijack at our registrar and is currently serving a malicious site. Do NOT visit it, connect a wallet, or sign anything. If you connected or signed since ~00:00 UTC Oct 31, revoke approvals at revoke.cash and move funds. We’ll confirm when it’s safe.

Credit infrastructure gets stronger as the collateral universe expands. Each new asset does not just add one listing, it adds: - a new lending market - new capital allocation decisions - new curator opportunity - new lender choice - new borrower demand - new vault design space We are just getting started!

Your position keeps changing, even when you do nothing. - Collateral values move. - Interest accrues. - Liquidity needs change. A borrowing decision needs to be revisited throughout the life of the loan.

Kintsu founder @StovenLabs will be at The Bridge by @TheTieIO in NYC tomorrow. He’ll join Canton Foundation and Dragonfly for “As AI Advances Can Blockchains and Protocols Build Moats?” Oct 27 · 3:30pm ET · Mainstage 2 Come say hello.

and then @StovenLabs said "Let there be light"

Kintsu Explains | Episode 04: Interest Rates How pool utilisation affects borrowing costs, and why rates rise faster when liquidity gets tight.