Kyber Network: Plans to provide compensation to users through KyberSwap Treasury
Kyber Network announced on the X platform that it plans to provide compensation to users through the KyberSwap Treasury, with a maximum amount equivalent to the stolen funds. Earlier, KyberSwap stated: "On November 22, 2023, at 10:54 pm UTC, an attacker used a series of complex operations of the KyberSwap Elastic smart contract for exploitative exchanges, resulting in user funds being extracted to the attacker's wallet. Approximately $54.7 million of user funds were used by the attacker."
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