Kyber Network Forced to Slash Staff by 50% After $46,500,000 Exploit, According to CEO

Decentralized finance (DeFi) platform Kyber Network is cutting its staff in half following a large exploit earlier this year, according to its CEO and founder. In November, KyberSwap was exploited for $46.5 million worth of digital assets, including $20.78 million worth of Wrapped Ethereum (wETH), $9.53 million worth of Lido-wrapped staked Ethereum (wstETH), and $4.1 The post Kyber Network Forced to Slash Staff by 50% After $46,500,000 Exploit, According to CEO appeared first on The Daily Hodl .