DeFi

Kyber Network cuts 50% of its staff following $48 million exploit

Kyber Network rebuilds after hacker exploit and theft; plans to boost sustainability and support affected users.

The hardware wallet manufacturer traces the exploit's origins to a phishing attack targeting a former employee.

The total damage of this exploit stands at an estimated $2.7 million. OKX has promised to reimburse affected users.

BIS research explores using CBDCs and DeFi automated market makers for 24/7 instant FX cross-border transactions.