KyberSwap Launches Improved Elastic Protocol Today at 4PM UTC
KyberSwap to launch its Elastic protocol with a new smart contract after a fronted attack that caused a $265K USDC loss from BitMart. KyberSwap, a decentralized exchange (DEX) aggregator and liquidity platform, announced that it will suspend mining and mining rewards on its Elastic protocol today at 4:00 PM UTC to deploy an upgraded smart […]
Kyber Compensates Affected Wallet As it Curbs Attack
Kyber Network said, “As a bug bounty, we’ll give you 15% of the money if you bring it back and talk to our team.” One Kyber wallet had $265,000 stolen from it on September 1. Kyber Network, a multichain decentralized finance (DeFi) platform, said it took away the attack vector that was used in an […]
Binance uncovers suspects in KyberSwap breach
Based on an independent investigation, Binance’s security team identified two suspects in the $265,000 KyberSwap heist. Crypto exchange Binance has identified two suspects who appear to be the perpetrators of a $265,000 breach on the decentralized cryptocurrency exchange KyberSwap. On September 1, Kyber Network fell victim to a frontend vulnerability, enabling the attacker to steal […]
KyberSwap DEX Launches On Arbitrum
KyberSwap decentralized exchange moved to the Arbitrum network in a bid to help users manage the Ethereum network congestion and its expensive gas fees. KyberSwap, a decentralized exchange (DEX) aggregator, has debuted on Ethereum’s layer-two scaling solution, the Arbitrum network. With this step, Kyberswap joins Ethereum (ETH), Polygon (MATIC), Fantom (FTM), BSC (BNB), Avalanche (AVAX), […]