Kyber Network Suffers $48 Million Breach, Reduces Workforce By 50%
Decentralized finance (DeFi) platform Kyber Network has taken significant steps to address the aftermath of a massive security breach in November by reducing.
Decentralized finance (DeFi) platform Kyber Network has taken significant steps to address the aftermath of a massive security breach in November by reducing.
Kyber Network has plans to compensate users who suffered losses in the recent KyberSwap Elastic incident, which resulted in approximately $48.8 million being.
Decentralized cryptocurrency exchange KyberSwap is negotiating a reward offer with the hacker. KyberSwap, the decentralized cryptocurrency exchange that suffered a nearly $50 million.
Unexpected wallet movements suggest KyberSwap has suffered a $47 million exploit. The funds seem to have been drained from liquidity providers. Decentralized exchange.
In an on-chain deal, a “desperate” cryptocurrency investor paid well over $2 million to switch into $USDT from an investment that gave them.