KyberSwap Initiates Grant Program for Users Hit by Exploit

KyberSwap Aids Users Financially by Providing Grants

KyberSwap, a decentralised exchange protocol addresses a $48.8 million loss from a Nov. 22 exploit by establishing a grant initiative. The compensation aims to ease the financial impact on affected users, matching the USD equivalent of lost assets.

The security breach originated from vulnerabilities in KyberSwap liquidity pools, prompting a proactive recovery of $4.7 million. The incident prompted a security protocol review.