Kyberswap Exploit Fallout: Platform’s Workforce Cut by 50%

Kyberswap Exploit Fallout: Platform’s Workforce Cut by 50%

The CEO of Kyberswap, the decentralized finance aggregator, revealed on Christmas Day that the platform recently laid off 50% of its workforce. The CEO added his organization is in the process of creating a voluntary database that is expected to help these workers secure new jobs in the Web3 space.
Continuing Impact of the November Security Breach
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

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We współpracy z: https://news.bitcoin.com/kyberswap-exploit-fallout-platforms-workforce-cut-by-50/

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