KyberSwap announced on Dec. 1 that it will offer grants in order to compensate users affected by a recent exploit.
The decentralized exchange acknowledged that a recent attack drained $48.8 million of user funds from its elastic liquidity pools — a feature that allows users to stake cryptocurrency in order to earn interest or generate yield.
KyberSwap explained:
“Our 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 respective liquidity pools.”
The platform said that this plan intends to “ease the hardship from the loss” and that it plans to announce more details over the next two weeks.
KyberSwap added that it is supporting law enforcement and cybersecurity teams in their efforts to identify and locate the attacker and recover any stolen funds. The platform mentioned its status as a decent
We współpracy z: https://cryptoslate.com/kyberswap-commits-to-covering-user-losses-from-recent-exploit/
