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.
For context, the renowned decentralized exchange, KyberSwap, recently encountered a significant breach resulting in a $50 million crypto asset loss, leading to a drastic reduction of the workforce by 50%.
KyberSwap Lays off 50% Of Its Employees
The KyberSwap CEO Victor Tran, acknowledging the recent hurdles, expressed gratitude for the resilience of KyberSwap’s core functions amidst the Elastic exploit. Despite setbacks, the platform is set to launch the Zap API, a pioneering development enhancing accessibility to decentralized finance (DeFi) liquidity protocols.
Meanwhile, in his post, Tran highlighted KyberSwap’s commitment to supporting affected users through the KyberSwap Elastic Exploit
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