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.
Sanya
JinseFinanceJinseFinanceKyberSwap's unfortunate fall to a $50 million DeFi hack underscores the persistent challenges faced by decentralized platforms in safeguarding user assets. The aftermath sees users scrambling to secure their holdings, and the protocol grappling with a significant reduction in Total Value Locked. The hacker's bold message adds a layer of uncertainty, signaling potential negotiations in the aftermath of the exploit.
Huang BoKyberSwap, a decentralised exchange spanning 15 blockchains, grapples with a significant $48 million security breach, prompting urgent user fund withdrawals and raising concerns about the vulnerability of liquidity providers across various DeFi platforms.
JasperVictor Tran sets goal for KyberSwap to be #1 privacy focused exchange while discussing the future of DeFi at Token2049.
BitcoinistBitcoinistThe attack is the latest in a long line of exploits for fake “stealth” NFT airdrops targeting Discord users.
CointelegraphThe decentralized exchange has migrated to Arbitrum to help users deal with Ethereum network congestion and expensive gas fees.
CointelegraphThe hacker's initial post, which was published in the announcements channel, claimed that OpenSea had “partnered with YouTube to bring their community into the NFT Space."
Cointelegraph