Kyber Network has sent a warning to users, citing a potential vulnerability in the Elastic platform.
Kyber Network has warned of a potential vulnerability in the liquidity platform Elastic. In its warning to its users, the company said that the existing funds should be withdrawn from the platform.
Possible Vulnerability in Elastic
Kyber Network has warned its users about the liquidity provider Elastic. The company advised its users to withdraw funds from the platform and also provided assurance that no funds would go.
Kyber Network serves as a decentralized finance protocol. This warning to users who have deposited on the Elastic platform was made due to a security vulnerability detected in the platform. The Kyber team also wrote in its statement that the investigation is ongoing and user funds are not lost.
Elastic is Kyber’s decentralized exchange platform, allowing users to exchange tokens and deposit tokens with liquidity providers. The Kyber team has announced that they have stopped users from adding liquidity for now. It is also noted that more details will be provided when KyberSwap Elastic is reactivated.
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