The DeFi business said that it would be creating a voluntary database to assist workers.
The company is now focusing on compensating affected clients for the November attack.
In order to keep the firm’s commercial operations operating after its $48.8 million exploit in November, the team behind decentralized finance protocol KyberSwap has “regrettably” slashed its personnel by 50%.
Kyber Network’s CEO Victor Tran stated:
“Regrettably, we have also reduced our workforce by 50%. The decision to part ways with so many of our team members was heart-wrenching.”
However, the DeFi business said that it would be creating a “voluntary database” to assist workers who are leaving in their search for new possibilities in the Web3 field.
Focusing on Repaying Users
According to Tran, Kyber Network has put its liquidity protocol efforts and KyberAI project on hold in order to reduce the pace of capital expenditure. But the CEO was quick to point out that the company’s foundational o
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