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Home » KyberSwap Hack News: KyberSwap Faces $46 Million Crypto Hack Triggering Concerns In DeFi Space – CoinGape

KyberSwap Hack News: KyberSwap Faces $46 Million Crypto Hack Triggering Concerns In DeFi Space – CoinGape

KyberSwap Hack News: KyberSwap Faces $46 Million Crypto Hack Triggering Concerns In DeFi Space – CoinGape

In a startling development, the decentralized exchange, KyberSwap has fallen victim to a significant exploit, resulting in the loss of approximately $46 million in various cryptocurrencies. According to the update given by KyberSwap on X, the attack targeted KyberSwap Elastic, prompting urgent advisories for users to withdraw funds.  Meanwhile, the incident raises questions about the vulnerabilities in decentralized finance platforms. advertisement KyberSwap Security Breach Kyber Network’s renowned decentralized exchange, KyberSwap, encountered a major security breach as approximately $46 million in crypto assets were drained. The exploit, which affected the KyberSwap Elastic protocol, triggered a rapid decline in the platform’s total value… 

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