After cross-chain interaction DEX project Kyber Network suffered a $48.8 million hack in November, Kyber Network CEO Victor Tran said that the company regretted laying off 50% of its staff in order to continue its business operations. However, Kyber Network will create a "volunteer database" to help former employees find new opportunities in the Web3 space.


Victor Tran said that Kyber Network has temporarily suspended its Liquidity Protocol program and the KyberAI project in an effort to slow the pace of capital expenditures. However, Tran stressed that KyberSwap's core business, including its aggregator and limit order features, remains unchanged. In addition, Tran said that the Zap API will be launched soon, an innovative development that will make dApps, Wallet, and other projects the most suitable gateway for users to access Decentralized Finance Liquidity protocols.
Currently, the company said it is trying to compensate customers affected by the breach in November.
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Onlyforyouvip
· 2024-06-05 06:30
You know a lot, my dear
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