Kyber Network, developer of the Kyberswap Elastic (NYSE:ESTC) decentralized crypto exchange, has announced on Apr. 17 that there is a potential vulnerability in the exchange's contracts. It has advised all liquidity providers to remove their funds as soon as possible.
The developer has stated that no funds have been lost. However, it has advised liquidity providers (LPs) to remove their funds as a precaution. Only Kyberswap Elastic funds are at risk. Kyberswap Classic smart contracts do not contain the vulnerability, the team said.