KyberSwap DEX exploited for $46 million, TVL tanks 68%

Around $46 million in various crypto assets has seemingly been drained from the decentralized KyberSwap exchange in the latest decentralized finance exploit.

On Nov. 23, the Kyber Network team alerted its users stating in an X (Twitter) post that KyberSwap Elastic “has experienced a security incident.”

It advised users to withdraw their funds as a precaution and added it was investigating the situation.

Urgent

Dear KyberSwap Elastic Users,We regret to inform you that KyberSwap Elastic has experienced a security incident.

As a precautionary measure, we strongly advise all users to promptly withdraw their funds. Our team is diligently investigating the situation, and we…

— Kyber Network… Read more on Cointelegraph

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