{"id":19942,"date":"2023-04-17T16:03:40","date_gmt":"2023-04-17T16:03:40","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/kyber-network-price-dips-after-withdrawal-alert\/"},"modified":"2023-04-17T16:03:40","modified_gmt":"2023-04-17T16:03:40","slug":"kyber-network-price-dips-after-withdrawal-alert","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/kyber-network-price-dips-after-withdrawal-alert\/","title":{"rendered":"Kyber Network price dips after withdrawal alert"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<ul>\n<li>At press time, the price of Kyber Network Crystal v2 (KNC) had dropped 2.26% today.<\/li>\n<li>Kyber&rsquo;s Elastic product&rsquo;s TVL has plunged to $61 million yesterday.<\/li>\n<li>Kyber Network has advised liquidity providers to withdraw funds<\/li>\n<\/ul>\n<p>The Kyber Network Crystal v2 (KNC) took a hit today after Decentralized finance (DeFi) Kyber Network advises its liquidity providers to withdraw funds citing market vulnerability. The token had dropped by more than 2% at the time of writing.<\/p>\n<p>The protocol advised its Elastic product liquidity providers to withdraw funds after finding a potential vulnerability. Kyber confirmed the potential vulnerability via a <a href=\"https:\/\/twitter.com\/KyberNetwork\/status\/1647920799557505028?s=20\">tweet<\/a> although it noted that no product has been affected and no funds have been lost so far.<\/p>\n<h2>Elastic product TVL drop<\/h2>\n<p>On Sunday, the Elastic product had $108 million in total value locked (TVL). However, that figure had dropped to about $30.88 million on Monday according to <a href=\"https:\/\/defillama.com\/protocol\/kyberswap-elastic\">DefiLlama<\/a>.<\/p>\n<p>The news comes at a time when vulnerabilities and exploits have become rife across the DeFi space. The most recent hack includes the <a href=\"https:\/\/coinjournal.net\/news\/eul-token-down-52-after-the-200-million-euler-protocol-exploit\/\">$196 million Euler Finance hack<\/a>, the $23 million Bitrue exchange hack, and the recent <a href=\"https:\/\/coinjournal.net\/news\/1-quadrillion-yusdt-minted-in-yearn-finance-exploit\/\">Yearn Finance hack<\/a>.<\/p>\n<p>In 2022, Kyber Network was also hit with a $265,000 exploit.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/coinjournal.net\/news\/kyber-network-price-dips-after-withdrawal-alert\/\">Kyber Network price dips after withdrawal alert<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/kyber-network-price-dips-after-withdrawal-alert\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) At press time, the price of Kyber Network Crystal v2 (KNC) had dropped 2.26% today. Kyber&rsquo;s Elastic product&rsquo;s TVL has plunged to $61 million yesterday. Kyber Network has advised liquidity providers to withdraw funds The Kyber Network Crystal v2 (KNC) took a hit [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":19943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/19942"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=19942"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/19942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/19943"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=19942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=19942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=19942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}