KYBER NETWORK
Kyber Network is a decentralized exchange (DEX) built on an Ethereum-based protocol but is highly interoperable and can be incorporated by any smart-contract based blockchain. Using Kyber, anyone can instantly exchange and convert digital assets and cryptocurrencies with high liquidity with all exchanges automated and performed on the blockchain and no intermediary. The Kyber Network uses Kyber Network Crystal (KNC) which is an ERC-20 utility token and an integral part of the DEX.
Kyber Network Advises Removal of Funds Amid Potential Vulnerability
Kyber Network has advised liquidity providers to remove their funds due to a potential vulnerability in the Kyberswap Elastic decentralized crypto exchange. No funds have been lost, and farming rewards have been temporarily suspended until a new smart contract can be deployed.