Tags: Kyber Network

Medjedovic justified his actions under the “code-is-law” argument, claiming exploiting smart contracts was legally permissible.

The platform, which was hacked in November, had to let staff go in order to free up funds to reimburse users.

KyberSwap Announces Grants from Protocol Treasury to Aid Victims of Recent Exploit

If given full control of Kyber Network, the hacker has promised to fully compensate executives and double all employee salaries.

KyberSwap’s negotiations with the hacker are on the brink of collapse due to escalating hostility and threats from both sides.

Bot operators had agreed to return 90% of funds to a specified KyberSwap address on Polygon, receiving a 10% bounty incentive.

The exchange has advised users to withdraw all funds, while the hacker teases negotiations.

Kyber Network warns liquidity providers to withdraw funds (Towfiqu Barbhuiya/Unsplash)