Cryptocurrency Analysis and News Portal
Around $46 million in various crypto assets has seemingly been drained from the decentralized KyberSwap exchange in the latest decentralized finance exploit.On Nov. 23, the Kyber Network team alerted its users stating in an X (Twitter) post that KyberSwap Elastic “has experienced a security incident.”It advised users to withdraw their
Read More
Kyber Network, developer of the Kyberswap Elastic decentralized crypto exchange, has announced on Apr. 17 that there is a potential vulnerability in the exchange's contracts. It has advised all liquidity providers to remove their funds as soon as possible.1/2Attention KyberSwap Elastic Liquidity Providers:We have identified a potential vulnerability, and as
Read More
Helping investigate a $265,000 hack on decentralized crypto exchange KyberSwap, crypto exchange Binance narrowed down two suspects that seem responsible for the attack. On Sept. 1, Kyber Network succumbed to a frontend exploit, allowing the attacker to make away with $265,000 worth of user funds from KyberSwap. While investigations were underway,
Read More
Two “whale” addresses appeared to be impacted by the attack, according to Kyber, which plans to reimburse the losses. Kyber said it discovered the exploit, which let attackers insert a “false approval, allowing a hacker to transfer a user’s funds to his address,” on Sept. 1 and “neutralized” the threat
Read More
sponsored Singapore — August 17th – Lido Finance, a giant in the Ethereum staking world, will be enhancing liquidity on Polygon with KyberSwap Elastic. Lido Finance is the largest platform for liquid staking services on Ethereum. Powering DeFi and CeFi applications alike with their technology, Lido Finance empowers stakers to put
Read More
sponsored Kyber Network and BitTorrent have announced the integration of KyberSwap with BitTorrent Chain (BTTC) as their 11th chain integration, with more than $1.5M in liquidity mining and trading incentives available to users immediately. The partnership will accelerate DeFi’s adoption with the combined benefits of best trading and earning rates, ease
Read More
Decentralized exchange (DEX) aggregator KyberSwap has launched on the layer-2 Ethereum scaling solution Arbitrum network.The move puts Kyberswap on its seventh network or scaling solution along with Ethereum (ETH), Polygon (MATIC), Fantom (FTM), BSC (BNB), Avalanche (AVAX), and Cronos (CRONOS).KyberSwap joins SwaprEth, Balancer Labs, Curve Finance, and SushiSwap as the
Read More
Chainlink’s price oracles are continuing to see widespread adoption among decentralized finance, or DeFI, protocols, with Kyber Network (KNC) integrating the price feeds on its KyberSwap token swap service on June 12.KyberSwap is at least the third DeFi platform to integrate Chainlink’s price data this month, signposting Chainlink’s increasing dominance
Read More
Non-custodial exchange KyberSwap has launched fiat-to-crypto gateway in collaboration with cryptocurrency exchange Coindirect.According to a Sept. 13 blog post, KyberSwap’s users can now buy digital currencies directly with fiat currencies, taking into account that the exchange currently supports trading of Ether (ETH) and ERC-20 tokens only.The partnership with MakerDAO-backed
Read More