Fact-check findings

No source the reviewer could reach confirms or contradicts the claim.

1. #6[unverifiable][awaiting moderator]in the summary

   “it suffered the largest DeFi exploit of that year”

   reviewerThe exploit was the largest DeFi exploit of 2023.No cited source supports this superlative, and it is likely wrong, since 2023 had larger incidents such as Euler (about $197M) and Multichain. I did not fetch a source to confirm, so I give no correction. The editor should drop or qualify it.
2. #7[unverifiable][awaiting moderator]in section: Recovery & Layoffs

   “On December 24, 2023, Kyber Network CEO Victor Tran announced a 50% reduction in the company's workforce of over 100 people”

   reviewerKyber CEO Victor Tran announced a 50% workforce cut on December 24, 2023, pausing the liquidity protocol and KyberAI.The 50% cut is corroborated by search results, but I could not read the exact date or details. The cited Cointelegraph URL returned 404.
   citedcointelegraph.com/news/kyber-network-cut…november-exploit

The cited evidence supports part of the claim but not all of it.

1. #5[partially supported][awaiting moderator]in section: Hacker's Ultimatum

   “Kyber Network instead launched a treasury grant program on December 2, 2023 to compensate affected users without negotiating with the attacker.”

   reviewerKyber launched a treasury grant program on December 2, 2023 (section text and timeline entry). Sources indicate it was announced around Dec 1 with details finalized and the program opened on Dec 20, which also conflicts with the page's own Dec 20 entries.The plan was announced in early December and the program launched on Dec 20. The page says 'launched' on Dec 2 here and also says Dec 20 elsewhere, so the page is internally inconsistent. The timeline[8] entry has the same issue. I did not fetch an exact announcement date, so I propose no correction.
   citedbitcoinist.com/kyberswap-compensate-vict…ine-gets-closer/
2. #8[partially supported][awaiting moderator]in section: Recovery & Layoffs

   “Medjedovic had previously spent 105 days in Serbian custody following an Interpol Red Notice”

   reviewerMedjedovic spent 105 days in Serbian custody; a Belgrade court declined extradition; he is a fugitive possibly in Bosnia.The extradition refusal, its reasoning and the Bosnia reports are consistent with search results. I could not confirm the exact 105-day figure. One report describes an escape from custody rather than a release.
   citedwww.cbc.ca/news/world/canadian-alleged-c…y-hack-9.7066147
3. #10[partially supported][awaiting moderator]in section: Risk Assessment

   “KyberSwap Elastic's liquidity protocol has been paused and was not immediately relaunched after the exploit.”

   reviewerKyberSwap Elastic's liquidity protocol has been paused and not relaunched.The post-mortem confirms liquidity additions were suspended on all 13 networks. The present-day status is not clearly documented in what I fetched.
   citedblog.kyberswap.com/post-mortem-kyberswap-elastic-exploit/

The cited evidence supports the claim as written.

1. #1[confirmed][no action needed]in section: The Exploit

   “KyberSwap's own post-mortem later cited $55.2 million extracted in total with approximately 2,367 liquidity providers affected.”

   reviewerKyberSwap's post-mortem cited $55.2 million extracted in total with about 2,367 liquidity providers affected.Matches the post-mortem. The post-mortem also gives about $56.2M total affected, and $48.7M for the primary exploiter.
   citedblog.kyberswap.com/post-mortem-kyberswap-elastic-exploit/
2. #2[confirmed][no action needed]in section: Recovery & Layoffs

   “KyberSwap recovered approximately $5.87 million in total: roughly $5.17 million from front-running bots that had also extracted funds during the chaos, and approximately $706,000 in assets that remained locked in contracts.”

   reviewerKyberSwap recovered about $5.87M: about $5.17M from front-running bots and about $706,000 locked in contracts.5.17 + 0.706 is about 5.876M, so the total is consistent with the sources. The primary source has a minor internal discrepancy.
   citedblog.kyberswap.com/post-mortem-kyberswap-elastic-exploit/blog.kyberswap.com/kyberswap-treasury-grant-program/
3. #3[confirmed][no action needed]in section: Background

   “The protocol was deployed across Ethereum, Arbitrum, Optimism, Polygon, Base, Avalanche, BSC, Fantom, Scroll, Linea, Polygon zkEVM, BitTorrent, and Cronos.”

   reviewerThe protocol was deployed on 13 chains.Chain list matches the post-mortem.
   citedblog.kyberswap.com/post-mortem-kyberswap-elastic-exploit/
4. #4[confirmed][no action needed]in section: Recovery & Layoffs

   “KyberSwap launched a Treasury Grant Program on December 20, 2023, offering affected users two options: 60% of lost asset value vested in USD stablecoins over three months (Option A), or 100% of lost asset value vested in USD stablecoins over twelve months (Option B).”

   reviewerThe Treasury Grant Program opened on December 20, 2023 with the 60%/3-month and 100%/12-month options.Confirmed. The page omits the opt-out option, which is minor.
   citedblog.kyberswap.com/kyberswap-treasury-grant-program/
5. #9[confirmed][no action needed]in section: Recovery & Layoffs

   “In February 2025, U.S. prosecutors in the Eastern District of New York unsealed an indictment charging Canadian national Andean Medjedovic, 22, with wire fraud, unauthorized damage to a protected computer, attempted Hobbs Act extortion, money laundering conspiracy, and money laundering”

   reviewerIn February 2025 the DOJ unsealed an indictment charging Medjedovic with wire fraud, computer hacking and extortion over about $65M in hacks of KyberSwap and Indexed Finance.Corroborated by multiple search results. I could not check the age (22) or the 90-year maximum against the DOJ release because the fetch came back empty.
   citedwww.justice.gov/usao-edny/pr/canadian-na…urrency-two-defi