Time
23:54
Kinto Announces Closure and Initiates Orderly Liquidation
September 8, 2025
CoinFeed News
All remaining assets (approximately $800,000) will be used to repay Phoenix lenders, with an estimated 76% principal recovery. The founder will personally donate $55,000, and victims will receive up to $1,100 per address and participate in future recoveries through the CVR protocol. Kinto wallets and asset withdrawals will be available until September 30th, and the ERA airdrop is expected to be distributed on October 15th.