The firm said it's priorities now are to keep KyberSwap’s Aggregator and Limit Order functions up and running and to reimburse impacted customers.
The team behind decentralized finance protocol KyberSwap has “regrettably” cut its workforce by 50% to keep the firm’s business operations up and running following its $48.8 million exploit in November.
“Regrettably, we have also reduced our workforce by 50%,” said Kyber Network’s CEO Victor Tran on Dec. 24. “The decision to part ways with so many of our team members was heart-wrenching.”
A reference value of nearly $49 million was ascertained for users impacted from the primary KyberSwap exploit — however impacted users will only receive 60% of this value, Kyber noted.
