Source: AdobeStock/ Roman Samokhin
The group behind KyberSwap revealed that it would provide grants from the procedure’s treasury to victims of the current make use of, intending to supply financial relief.
In a post on X (previously Twitter), the group behind KyberSwap restates its steadfast dedication to supporting police and cybersecurity efforts to find the exploiter and recuperate users’ funds.
In relation to the KyberSwap Elastic event that took place from 22 November 2023, 10:54:09 PM UTC, leading to the exploitative swaps by the exploiter that drained pipes roughly $48.8 countless users’ funds from KyberSwap Elastic liquidity swimming pools, we repeat our steadfast …
— Kyber Network (@KyberNetwork) December 1, 2023
The group divulges its intent to offer payment to users who came down with the exploitative actions that drained pipes users’ funds from the platform.
In a public declaration, KyberSwap highlighted its devotion to supporting users throughout this tough duration and acknowledged the continuous issues of those who suffered losses due to the make use of.
The decentralized financing procedure suffered a significant make use of on November 22, where an exploiter drained pipes around $48.8 million from users’ funds in KyberSwap Elastic liquidity swimming pools.
