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From two popular exchanges losing millions to a Netflix director making millions from memecoins, here is a 2-minute breakdown of everything important that happened in crypto today.
KyberSwap, a decentralized exchange (DEX), has recently been exploited, resulting in a significant loss of approximately $46 million. This incident has raised serious concerns in the DeFi space. The attacker managed to exploit a vulnerability in the DEX's smart contracts, leading to a substantial decrease in the Total Value Locked (TVL) on the platform.
The KyberSwap hacker has shown a willingness to negotiate after exploiting the decentralized exchange for around $45 million, according to on-chain messages. The attacker publicly messaged KyberSwap, stating negotiations would commence shortly after adequate “rest:” “Dear Kyberswap Developers, Employees, DAO members, and LPs, Negotiations will start in a few hours when I am fully rested.
The leading decentralized exchange, KyberSwap, has suffered a hack of almost $50 million. And the project's administrators have urged users to withdraw their funds as a safety measure.
KyberSwap has advised all users to withdraw their funds from the exchange as a precautionary measure, with the exploiter stating he is open to negotiations.
The exchange has advised users to withdraw all funds, while the hacker teases negotiations.
Kyber Network, a prominent player in the decentralized finance (DeFi) sector, has fallen victim to a major security breach.
The Kyber Network team has confirmed the incident, urging users to promptly withdraw their funds.
In a startling development, the decentralized exchange, KyberSwap has fallen victim to a significant exploit, resulting in the loss of approximately $46 million in various cryptocurrencies. According to the update given by KyberSwap on X, the attack targeted KyberSwap Elastic, prompting urgent advisories for users to withdraw funds.
According to on-chain data, the decentralized exchange system KyberSwap looks to have been the victim of a $47 million hack. The funds came through the company's Elastic Pools liquidity solution.
KyberSwap, a decentralized exchange (DEX), suffered an exploit, resulting in the loss of approximately $46 million worth of funds.
Decentralized Exchange had over $80 million in total value locked before the incident.
The DEX aggregator has been exploited across multiple blockchains with millions in wrapped Ether and other assets stolen.
Decentralized exchange protocol KyberSwap appears to have suffered a $47 million exploit, according to on-chain data.
Binance will be removing more trading pairs soon. Find out which.
Binance integrates PancakeSwap (CAKE) on Ethereum and Kyber Network (KNC) on Polygon networks, increasing liquidity and accessibility.
Chronos, Arbitrum's AMM protocol, has been incorporated into KyberSwap, a decentralized trading platform backed by the Kyber Network protocol.
Kyber Network has advised liquidity providers to remove their funds due to a potential vulnerability in the Kyberswap Elastic decentralized crypto exchange. No funds have been lost, and farming rewards have been temporarily suspended until a new smart contract can be deployed.
KyberSwap Elastic, according to its own documentation, is a decentralized exchange (DEX) that allows LPs to provide "concentrated liquidity."
Kyberswap Will Launch The Elastic Contract Upgrade At 4:00 PM Today
Kyber Network, a popular decentralized finance (DeFi) protocol, warned users of a possible security vulnerability in its Elastic platform, urging them to withdraw their funds as a precautionary measure. The team assured users that investigations are ongoing and no user funds have been lost.
Kyber Network, a decentralized finance (DeFi) protocol, has urged the liquidity providers (LPs) on its KyberSwap Elastic decentralized exchange to withdraw their funds due to a possible vulnerability in the exchange's contract.
The developer stated that so far, no funds have been lost.
DeFi protocol Kyber Network announced a “potential vulnerability” on its automated market maker (AMM) platform KyberSwap Elastic on Monday.
