
In a troubling event for the decentralized finance realm, KyberSwap, a noteworthy DEX, became the victim of a significant security breach in November 2023. A cybercriminal infiltrated the platform and absconded with $49 million. This theft not only sent shockwaves through KyberSwap’s community but also underscored the persistent security challenges within DeFi. The breach galvanized a reevaluation of safeguards and