Amid efforts to reclaim over $46 million in stolen assets, DeFi platform Kyber Network has received a stunning ultimatum: forfeit total control of both the company and protocol, and all stakeholders will be made whole. Via-on chain messaging on Thursday, the platform’s anonymous hacker demanded “complete executive control over Kyber,” alongside temporary ownership and control...Read More
A week after $47 million was drained from KyberSwap’s Elastic Pools liquidity solution, the anonymous exploiter responsible for the breach has called for a more amicable negotiation approach. The demand conveyed through an on-chain message on Nov. 28, warned KyberSwap executives, token-holders, and liquidity providers to ease hostilities, threatening to postpone discussions until a more...Read More
Decentralized exchange protocol KyberSwap announced that it had recovered $4.67 million in funds after a recent security attack that resulted in a staggering loss of nearly $50 million from its concentrated liquidity pools last week. The hacking incident targeted KyberSwap’s Elastic pools, affecting funds across various blockchains, including Arbitrum, Optimism, Ethereum, Polygon, Binance Smart Chain,...Read More
The latest in a string of DeFi platforms to be exploited, Kyber Network was attacked earlier today, with over $46 million worth of funds stolen. 🚨Urgent🚨 Dear KyberSwap Elastic Users,We regret to inform you that KyberSwap Elastic has experienced a security incident. As a precautionary measure, we strongly advise all users to promptly withdraw their...Read More
Yesterday, Coinbase announced that it was expanding its Learn platform with the addition of Kyber Network tokens. The incentive allows exchange customers to watch videos in exchange for a small handful of the KNC tokens worth a couple of dollars. Starting today, Coinbase customers can start earning Kyber (KNC) by watching lessons and completing quizzes...Read More
Kyber Network’s native token KNC has extended the aggressive rally that started to accelerate at the end of June. On Friday alone, the token has gained over 27% against the US dollar. The surge comes several days ahead of Kyber Network’s next protocol update planned for July 7. KNC Hits Highest Level in 2 Years...Read More
While Bitcoin remains rangebound, to an extent, last week had some very exciting trading days. Towards the beginning of the week, BTC was trading at around $9,200 until last Saturday when it suddenly dropped and touched a low of $8,833, which remains the lowest point for the week. From there, BTC recovered and even made...Read More
The trading volume of decentralized exchanges (DEX) has gone past the $5 billion milestone in the first six months of 2020, which is a significant increase from the 2019 performance. June 2020 Sets DEX Trading Volume ATH In a tweet on Wednesday, Dune Analytics informed that the DEX trading volume for the first half of...Read More
Bitcoin attempted to conquer the $9,300 but to no fruition. The price pulled back and failed to breach the level. Meanwhile, the DeFi market continues to boom, with numerous projects marking double-digit daily increases. Bitcoin Price Fails at $9,300 Bitcoin didn’t manage to claim $9,300 yesterday and has since retraced to its current trading level...Read More
Token swap feature KyberSwap has integrated Chalinink’s price reference data for enhanced accuracy. Up until now, the price feeds of KyberSwap were taken exclusively from Kyber Network. KyberSwap and Chainlink KyberSwap is a platform allowing users to swap between Ethereum tokens quickly and easily, and it’s powered by Kyber Network’s on-chain liquidity protocol. It allows...Read More
Bitcoin Bitcoin saw a 3% decrease over the last week of trading as it drops into the $9,445 level. The coin started the week battling the $9,815 level as it proceeded higher to reach $10,000. Unfortunately, BTC was unable to capitalize above $10,000 and dropped by a steep 7% yesterday. Luckily, it found support at...Read More
