Victor Tran, the co-founder and CEO of the decentralized finance (defi) platform Kyberswap, announced on Christmas Day that his company has reduced its workforce by 50%. In a post on X, Tran linked the decision to let go of some of its most skilled workers to last month’s security breach, which saw Kyberswap lose assets worth more than $50 million to a cyber-criminal. As reported by Bitcoin.com News soon after the breach was confirmed, Kyberswap initially said digital assets worth $47 million were unaccounted for. This figure would later rise to more than $50 million, making it one of the biggest security incidents in decentralized finance in November. At the time, the Kyberswap team initially claimed that the incident had not impacted its decentralized exchange aggregator.
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Mkt Cap $2.29T
BTC Dom 56.76 %
BTC
$64,703.00
▼ -0.10%
ETH
$1,907.09
▼ -0.30%
USDT
$0.999394
▲ +0.00%
BNB
$590.96
▼ -0.20%
USDC
$0.999647
▲ +0.00%
XRP
$1.01
▼ -2.90%
SOL
$73.25
▼ -0.20%
TRX
$0.327121
▲ +0.20%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$53.99
▼ -4.00%
DOGE
$0.069531
▲ +0.40%
USDS
$0.999926
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RAIN
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▲ +1.50%
LEO
$9.76
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ZEC
$509.97
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ADA
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XMR
$371.23
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WBT
$55.95
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LINK
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XLM
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$214.69
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USD1
$0.999712
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USDE
$0.99973
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GRAM
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BTC
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ETH
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▼ -0.30%
USDT
$0.999394
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BNB
$590.96
▼ -0.20%
USDC
$0.999647
▲ +0.00%
XRP
$1.01
▼ -2.90%
SOL
$73.25
▼ -0.20%
TRX
$0.327121
▲ +0.20%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$53.99
▼ -4.00%
DOGE
$0.069531
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USDS
$0.999926
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RAIN
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LEO
$9.76
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ZEC
$509.97
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ADA
$0.199853
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XMR
$371.23
▲ +1.50%
WBT
$55.95
▼ -0.20%
LINK
$8.17
▼ -0.80%
XLM
$0.16032
▼ -1.20%
DAI
$1.00
▲ +0.00%
BCH
$214.69
▲ +0.10%
USD1
$0.999712
▲ +0.00%
USDE
$0.99973
▲ +0.00%
GRAM
$1.35
▼ -2.40%
Mkt Cap $2.29T
BTC Dom 56.76 %
BTC
$64,703.00
▼ -0.10%
ETH
$1,907.09
▼ -0.30%
USDT
$0.999394
▲ +0.00%
BNB
$590.96
▼ -0.20%
USDC
$0.999647
▲ +0.00%
XRP
$1.01
▼ -2.90%
SOL
$73.25
▼ -0.20%
TRX
$0.327121
▲ +0.20%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$53.99
▼ -4.00%
DOGE
$0.069531
▲ +0.40%
USDS
$0.999926
▲ +0.00%
RAIN
$0.012742
▲ +1.50%
LEO
$9.76
▲ +0.00%
ZEC
$509.97
▲ +3.10%
ADA
$0.199853
▼ -4.40%
XMR
$371.23
▲ +1.50%
WBT
$55.95
▼ -0.20%
LINK
$8.17
▼ -0.80%
XLM
$0.16032
▼ -1.20%
DAI
$1.00
▲ +0.00%
BCH
$214.69
▲ +0.10%
USD1
$0.999712
▲ +0.00%
USDE
$0.99973
▲ +0.00%
GRAM
$1.35
▼ -2.40%
