Decentralized finance platform Kyber Network has made significant efforts to address the aftermath of a major security breach. Despite the challenges, KyberSwap’s core business remains fully functional. The company is preparing to launch the Zap API, which will allow decentralized applications, wallets, and other projects to serve as gateways for users to access DeFi liquidity protocols.

In response to the security breach, Kyber Network has implemented operational changes, including temporary pauses in liquidity protocol initiatives and the KyberAI project. Unfortunately, the company has also had to reduce its workforce by 50%. To assist affected users, Kyber Network has established the KyberSwap Elastic Exploit Treasury Grant Program, which aims to cover up to 100% of users’ losses.

The affected assets have been categorized into five categories, each with different consequences. Category 1 includes liquidity positions and liquidity provider fees, with a market value of $48,883,930.66. Category 2 consists of assets obtained by mimicking bots, totaling $172,148.52. Category 3 includes partially recovered assets and swapped affected assets, with a market value of $6,405,483.43. Category 4 represents assets currently locked in affected pools, with a total value of $24,478.93. Lastly, Category 5 includes assets that have been successfully recovered from liquidity pools, with a total value of $706,162.85.

Despite a marginal decline in the native token of Kyber, KNC, within the past 24 hours, the token has demonstrated notable growth over the last fourteen days, with gains surpassing 7%.