Kyber Network victim of a hack, 2 whales lose $265k

Kyber Network victim of a hack, 2 whales lose $265k

On Thursday, the decentralized finance platform Kyber Network said it had identified a flaw in the frontend of its KyberSwap protocol.

The vulnerability allowed hackers to steal $265,000 in tokens from the wallets of two whales, major cryptocurrency holders.

Kyber Network is reassuring and says that KyberSwap users can now use the service safely.

The Singapore-based platform further indicates that the CEXs have been informed of the theft. She offers $40,000 against the return of the funds.


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