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KyberSwap recently made sweeping changes in response to a significant setback caused by the Elastic exploit.

KyberSwap has reduced its workforce by 50% in response to challenges triggered by the Elastic exploit. In an X post on Dec.

In a recent post, Victor Tran, CEO and Co-founder of KyberNetwork, has unveiled a regret message of reducing the company's total workforce on the X platform. However, Tran added that despite KyberSwap facing unprecedented challenges following a security exploit, the platform shows resilience.

Following the Nov. 22 exploit, KyberSwap has announced a treasury grant program for affected users, according to a Dec. 20 release on their blog.

KyberSwap victims get paid based on selected options. Assets in five categories were impacted, with some partially recovered.

Kyber Network commits to providing financial compensation for users affected by the KyberSwap Elastic exploit.

Blockchain security firm Cyvers said the KyberSwap exploiter's acquired funds were spread across various externally owned accounts (EOAs), now recognized as the top HXA token holders.

The blockchain security firm Cyvers has recently identified a significant security breach involving the Kyber Network, a prominent platform in the cryptocurrency exchange sector. This discovery comes after a series of high-profile security incidents that impacted various crypto platforms, including KyberSwap, during November.

In a significant development in the world of cryptocurrency security, Cyvers, a blockchain security company, has reported a suspicious transaction involving the KyberSwap exploiter. This transaction, identified as “abnormal” by Cyvers, involves the transfer of $50 million worth of HXA tokens, the native utility token of the Herencia Artifex NFT project.

The Platypus hacker managed to walk free from a court after claiming to be an ethical hacker despite stealing $8.5 million from the protocol.

In a stunning turn of events, the perpetrator behind the Kyberswap exploit has initiated an act of laundering. Reports indicate that approximately 4.5 million worth of stolen assets are already being funnelled into Tornado Cash, a renowned privacy-focused platform.

The KyberSwap hacker is moving funds into Tornado Cash, according to data from CertiK.

The grant is designed to ease the financial burden on affected individuals and will equal the USD equivalent of the assets lost in the security breach.

KyberSwap made an announcement on December 1st outlining their initiative to aid users affected by a recent security breach.

KyberSwap announced on Dec. 1 that it will offer grants in order to compensate users affected by a recent exploit. The decentralized exchange acknowledged that a recent attack drained $48.

After the unrealistic demands from its exploiter to take over the Kyber Network, the exploited decentralized exchange KyberSwap has made a different pivot in its revival push. The exchange said it will reimburse users who were exposed to the security breach recorded last month.

KyberSwap has revealed plans to offer financial support to affected users. The decentralized finance protocol suffered a substantial exploit on November 22, resulting in a loss of $48.8 million.

Law firm Cadena Legal said that the guidance released by the Australian Taxation Office is “non-binding” and must be treated as “toilet paper.”

Victims who lost and have not recovered funds from the hacked liquidity pools will get a grant equivalent to the funds in USD.

In the aftermath of the recent KyberSwap Elastic incident, Kyber Network has announced its intention to provide compensation to victims. Coincu News

In a daring move that has sent shockwaves through the cryptocurrency and decentralized finance (DeFi) communities, a mysterious hacker who infiltrated the Kyber Network in November has demanded complete control of the protocol, including governance infrastructure.

Both parties failed to reach an agreement on the safe return of the stolen assets despite Kyber offering the hacker 10% of the funds, which amounted to $4.3 million.

KyberSwap, a decentralized exchange aggregator, faced a breach by an unknown hacker who demanded control in exchange for returning the stolen funds, setting conditions for Kyber's governance.

The hacker demanded complete authority over the governance mechanism of KyberSwap, and the surrender of both on-chain and off-chain assets.