Kimi|Sep 13, 2026 07:54
After staying in the crypto community for a long time, I have always had a viewpoint:
A bull market tells stories, a bear market tells teams; When the market is good, anyone can tell a story. The moment when something goes wrong is the real time to test the quality of the project
Last month, Kii was attacked by a Cosmos EVM module vulnerability, and many people's first reaction was to run away and smash the disk, instantly causing panic
But upon careful review of the entire matter, the root cause of this vulnerability is Cosmos sharing the EVM underlying module, not Kii's own contract code. Other public chains were also affected during the same period
What impressed me the most was not the candlestick rebound afterwards, but the team's handling of the crisis. After the incident, there was no cold treatment, no message deletion, and no avoidance of questioning
The CEO continues to live stream on X Spaces, explaining the details of the incident and tracking the progress of funds directly to the community, and publicly disclosing the status of asset freezing, root causes of vulnerabilities, and repair plans. At the same time, the business side did not shut down, continued to implement cooperation and promote product iteration, and the cross-border business that should be done continued to run as usual
Many projects' first reaction to attacks is to become invisible, silent, and throw blame, causing community confidence to collapse and projects to gradually fade out of the market. Kii, on the other hand, took the completely opposite path: transparent communication, continuous execution, rebuilding market trust through actions, and providing intuitive feedback on the market. The coin price clearly recovered from the low point and restored the market
Don't forget that Kii itself is not the kind of pure fried concept air public chain
Its core narrative is stablecoins+on chain foreign exchange+cross-border payments, and it has already generated real business data: a cumulative transaction volume of 600 million US dollars, more than 20 B2B enterprise customers, 360000+users, and a monthly user growth rate of 10%. Funded 26 million US dollars, with a solid lineup of investors and a core team that has been deeply involved in Latin American finance, OTC, and primary markets for many years. The product itself is designed to meet real cross-border financial needs, rather than simply relying on issuing coins to tell stories
Vulnerabilities and attacks in the Web3 industry are always difficult to completely eliminate, and risks objectively exist. The real gap lies in the team's sense of responsibility and execution after the incident. Crisis → transparent communication → continuous implementation → market repair, KII's complete comeback story in this round precisely proves that this is a builder team that can withstand the black swan and deliver continuously
Compared to many projects that only know how to draw big cakes and disappear with a single risk, this type of project that can stabilize its business and face the community after experiencing a crisis is worth emphasizing on the observation list.
KII
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