On March 11th, Kyber Network’s DeFi project, KyberSwap, admitted that users had encountered issues while trading, resulting in significant losses.
Highlights
- Kyber Network’s DeFi project, KyberSwap, admitted that users had encountered issues while trading on March 11th.
- A user attempted to swap $2 million worth of tokens on the exchange, only to receive 0.05 USDT in return, causing an uproar in the DeFi community.
- Kyber admitted that their swap interface needed to be adjusted to display estimated swap results more prominently.
- The project is considering implementing safeguards to prevent users from trading in unfavorable conditions.
- This incident highlights the risks associated with the most important cryptocurrency exchange projects, due to the importance of the project and understanding how the system works.
- As the market continues to grow,
Read the original article
Indian Student Committed Suicide After Becoming a Victim to a Bitcoin Scam (Report)