Kyber Network Announces Compensation Plan Details, Sets Distribution Date and Options for Affected Users
xplore Kyber Network's response to the $54.7M security breach with our detailed review of their newly announced compensation plan.

xplore Kyber Network's response to the $54.7M security breach with our detailed review of their newly announced compensation plan.
In response to the recent security breach, Kyber Network unveils a robust compensation plan for affected users. Starting February 1st, the plan offers structured options for reimbursement in USD stablecoins, prioritizing transparency and user choice. Complete KYC by January 23rd to participate
KyberSwap exchange was hacked for US$48 million, not only demanding control over Kyber's assets, but also seeking authority over the entire protocol and company.
KyberSwap, reeling from a $54.7 million hack, plans victim compensation amidst a hacker's ultimatum. Kyber Network, the parent company, vows collaboration with authorities and remains steadfast in pursuing the hacker.
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