Kyber Network

On Thursday, Multichain DeFi project Kyber Network fell victim to an exploit losing assets worth $265,000 in the process. According to the team's official report, the malicious actors behind the hack targeted the KyberSwap user interface. This makes the exchange the latest in a series of DeFi platforms to suffer such attacks.  Malicious Code in Kyber’s GTM Script Kyber alerted users to the attack in a Twitter post yesterday evening which also outlined the details of the hack. In the…

The Kyber Network is a bit over three-years-old, but it has already become one of the best-established projects in the crypto space. The protocol developed from a decentralized exchange into a full-scale DAO. Today, Kyber is a token-swapping seamless service where DeFi platforms, merchants, and individuals come together. Kyber Network is not the only DeFi project of its kind. However, its ambition to become the go-to liquidity service for the decentralized finance ecosystem is unprecedented. Some would say that Kyber is…

What Does Ethereum Do That Other Platforms Can’t? Dapps, or decentralized applications, are a part of the whole Smart Contracts ecosystem. Running dapps on the general-purpose, multi-faceted Ethereum blockchain offers added security benefits. Since the transactions are distributed and encrypted across the Ethereum blockchain, there is no central place for a hacker to breach and gain access. It is unanimously considered that Ethereum is perhaps the best platform for building dApps. Thanks to its very own language, Solidity, this enables developers…