Multi-chain decentralized finance (DeFi) protocol KyberSwap (KNC) has identified a potential security vulnerability on the platform and told some liquidity providers to withdraw their funds.
KyberSwap posted on its official social media account on April 17. in the shipmentpotential in the protocol vulnerability stated that they confirmed its existence. Exchange, elastic of your product to liquidity providers funds as soon as possible. pulls warned about.
According to DefiLlama data elastic on the product total locked amount (TVL) value, 131 million faster than the dollar 32.7 million up to the dollar level declined.
Exchange, all funds safe while informing its users that it is continuing investigations reported. Besides, KyberSwap Classic’s openly not affected included in the information provided.
In addition, KyberSwap made a statement shortly after the vulnerability announcement, 18 April 19.00 CET upgraded on of the contract on the air all means of income and return of your payments stated that it will be stopped. Stock market of instruments after upgrade reactivate He added that he will take
KNC, the exchange’s native token, shortly after the announcement $0.799 from the level $0.759 down to the level 5% of on lost value.
According to Coinecko data, the latest 30 days in 7.2% appreciated KNCend 24 hours in 0.8% as of writing by experiencing the rise $0.782 traded at the level.