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Dec 6

KyberSwap promised $48 million in compensation to hack victims

In a bid to rectify the aftermath of the staggering $48.8 million hack that occurred in November, the KyberSwap decentralized exchange has pledged to extend grants from the project's treasury to assuage the plight of affected users. Initial assessments indicate that the Elastic Pools liquidity pool bore the brunt of this heist, suffering an approximate loss of $47 million in various cryptocurrencies. While highlighting that clients had independently assumed the inherent risks associated ...

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