Kyber Network’s Elastic product’s TVL drops 80% over potential vulnerability

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DeFi protocol Kyber Network suffers frontend hack, loses $265K

Multi-chain DeFi protocol Kyber Network (KNC) revealed that it suffered an exploit on its frontend on Sept. 1, leading to a loss of $265,000 from two whale wallets. 1/ ❗️Notice of Exploit of KyberSwap Frontend: We identified and neutralized an exploit on the KyberSwap frontend. Affected users will be compensated. We have summarized the details…