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 Shares Update on Hacking
KyberSwap welcomed its users to a new month with an update on its crippling exploit that led to the loss of almost $50 million in crypto assets. It sympathized with all users who were affected by the attack, assuring them of the protocol’s commitment to work with law enforcement agencies to ensure that the perpetrator, who now resort to blackmail, is brought to book and all funds are recovered.
More importantly, the platform said its “present plan is for the KyberSwap Treasury to extend a grant to each user (who lost funds in the exploit and which have not been recovered) of an amount up to the USD value of such funds at the time when such funds were drained from their re
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