Tag: KyberSwap

Dec292023 by adminNo Comments

<aThunder Terminal Hacker Refutes Claims its Funds Are Safe

By Philip Maina2 days agoWed Dec 27 2023 11:00:48 Checking out Time: 2 minutes Thunder Terminal's hacker has actually declared that the platform is lying to its users that their funds are safe Thunder Terminal confessed that it was made use of and lost almost $250,000 of user funds The platform stated that "funds are safe moving forward" On-chain crypto exchange Thunder Terminal and its hacker are having a standoff quickly after the assailant took almost $250,000 from the platform. The exchange revealed that they handled to stop the attack in less than 9 minutes and users' "funds are safe moving...

Dec282023 by adminNo Comments

Kyber Network cuts 50% of its personnel following $48 million make use of

Business

The DeFi company promised to repay users after declining the hacker's needs to get complete control over the business. On December 24, Victor Tran, CEO and co-founder of Kyber Network, revealed a 50% labor force decrease following an enormous security breach in November. The choice belongs to the business's continuous efforts to restore its operation post-exploit.In addition to the tough action of scaling down, Kyber momentarily stopped its liquidity procedure efforts and KyberAI to guarantee sustainability. The business's core aggregator and limitation order functions stay completely functional. Tran stressed that the Kyber Network will continue to exist and establish regardless of current obstacles. In the previous month, KyberSwap has actually dealt with unmatched difficulties due t...