KNC

Kyber Network

We’re thrilled to announce that Kraken now supports new margin pairs for SPX6900 (SPX), Kyber Network Crystal (KNC), Saga (SAGA), Qtum (QTUM), Raydium (RAY), Immutable (IMX), Pyth Network (PYTH) and Onyxcoin (XCN). Margin trading is now available for the below pairs: Pair base Pair name Available Leverage Long Position Limit Short Position Limit SPX SPX/USD 3 30,000 30,000 KNC KNC/USD 3 60,000 60,000 SAGA SAGA/USD 3 30,000 30,000 QTUM QTUM/USD 3 11,000 11,000 RAY RAY/USD 3 5,000 5,000 IMX IMX/USD 3 30,000 30,000 PYTH PYTH/USD 3 110,000 110,000 XCN XCN/USD 3 800,000 800,000 Get started with Kraken Here’s some more information about the tokens: SPX6900 (SPX) is a memecoin rallying against the S&P500, on a mission to overtake this traditional financial index. Traders can access the SPX6900 token across several blockchain networks, including Ethereum, Solana and Base. Like other memecoins, the SPX token does not have any ‘official’ utility — though it can be transferred and held on all supported chains. Kyber Network Crystal (KNC) is a decentralized liquidity protocol used for token swaps. Kyber allows for instant token exchanges for any decentralized application (dapp) without the need for an intermediary. Kyber Network Crystal (KNC), the first deflationary staking token, plays a critical role in the network, allowing owners to earn staking rewards and voting rights on the protocol. Saga (SAGA) is a protocol that empowers developers to launch application-specific blockchains (or Chainlets) with ease. Its integrated stack allows anyone to spin up a high-performance, interoperable chain suited to their specific use case — without the usual friction of working with blockchain tooling. The SAGA token serves a range of purposes, including staking, securing the network and participating in governance. Qtum (QTUM) is a hybrid platform that combines elements of both Bitcoin and Ethereum. Qtum was the first to combine the value transfer functionality of Bitcoin (BTC) and the smart contract support of Ethereum (ETH) into a single platform. This allows users to build applications running on a blockchain, while also allowing their creations to transact in a way that’s similar to Bitcoin. The QTUM cryptocurrency is used to pay fees and provide governance on the platform. Raydium (RAY) is an automated market maker (AMM) and liquidity provider built on the Solana-based Serum DEX, enabling users to rely on ecosystem-wide liquidity for trades and swaps. Immutable X (IMX) is a layer-2 scaling solution for Ethereum, designed to provide fast, secure, and gas-free transactions for NFTs through zk-rollups. Pyth Network (PYTH) is one of the largest and fastest-growing first-party oracle networks. Pyth delivers real-time market data to financial dApps across 40+ blockchains and provides 380+ low-latency price feeds across cryptocurrencies, equities, ETFs, FX pairs, and commodities. Onyxcoin (XCN) is a blockchain-based cloud infrastructure that enables organizations to build advanced financial services products. The protocol gives developers access to blockchain networks, allowing for data and transactions to be stored on a global server network. Chain Token (XCN) is the native token of the network which grants holders the right to vote on protocol improvements, pay for services across the chain protocol ecosystem as well as gain access to discounts and premium services. Before you start, what you should know: In order to trade using margin , you will need to hold at least one collateral currency . The availability of margin trading services is subject to certain limitations and eligibility criteria . Margin trading incurs additional fees for opening, closing and holding a position. Learn more about the different rates and fees . Will Kraken offer more pairs on margin? Yes! But our policy is to never reveal any details before launch – not even which pairs we are considering. All of Kraken’s listed margin pairs are available on our website. Our client engagement specialists cannot answer any questions about which pairs we may be listing in the future. Trade with caution There is no guarantee that a limit order will execute. There is no guarantee of margin pool availability at all times. There is also no guarantee of a market order executing at a certain price. The availability and liquidity of the particular digital asset will impact these types of orders. Ready to trade but don’t have a Kraken account yet? Sign up today ! Get started with Kraken Availability of margin trading services is subject to certain limitations and eligibility criteria . Trading using margin involves an element of risk and may not be suitable for everyone. Read Kraken’s Margin Disclosure Statement to learn more. These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. See Legal Disclosures for each jurisdiction here . The post Expanded margin pairs available for SPX, KNC, SAGA, QTUM, RAY, IMX, PYTH and XCN! appeared first on Kraken Blog .

Federal prosecutors in the United States have charged a Canadian national with exploiting vulnerabilities across two decentralized finance protocols, alleging he stole millions in cryptocurrency and attempted to cover his tracks. Andean Medjedovic, a University of Waterloo mathematics graduate, has been indicted for wire fraud, computer hacking, attempted extortion, and money laundering in connection with the KyberSwap and I ndexed Finance exploits, the Justice Department announced on Feb. 3. According to the charges , Medjedovic manipulated smart contracts on both platforms, using deceptive trades to trick automated systems into miscalculating key values. By exploiting these flaws, he allegedly drained $48.8 million from KyberSwap in 2023 and swiped $16.5 million from Indexed Finance in 2021. Through his deceptive trades, Medjedovic managed to “withdraw millions in investor funds at artificial prices,” the indictment said. This left victims with effectively worthless investments. Prosecutors added that Medjedovic meticulously planned the KyberSwap exploits over several months, maintaining a directory of files labeled with terms like “KYBER_KILL” and “templateexploit.” He created a “POOL HIT LIST” to identify liquidity pools to target and timed the attack strategically, writing notes such as “Find time to Strike! CEO is in Ho-Chi.” He even calculated the optimal time for the attack to coincide with when Americans and Europeans would likely be asleep. You might also like: Crypto hacks jump ninefold in January: Immunefi After the attack, prosecutors say Medjedovic attempted to extort KyberSwap developers, investors, and DAO members by demanding control of the protocol in exchange for returning 50% of the stolen funds. At the same time, he was working to cover his tracks. Medjedovic and an associate allegedly laundered the stolen crypto through crypto mixers and blockchain bridges, shuffling the funds across multiple networks to obscure their origin. He also opened accounts at crypto exchanges using fake identities, attempting to liquidate his holdings without raising red flags. Furthermore, when one bridge protocol froze his transactions, Medjedovic allegedly paid an undercover law enforcement agent $85,000—believing they were a developer who could bypass the restrictions and unlock $500,000 of his frozen crypto. If convicted, Medjedovic faces significant penalties, including up to 20 years in prison for each count of wire fraud, attempted extortion, and money laundering, as well as 10 years for unauthorized damage to a protected computer. Law enforcement agencies, including the Dutch National Police Cybercrime Unit and U.S. prosecutors, continue to pursue Medjedovic, who remains at large. On Dec. 20, 2023, KyberSwap announced a treasury program to compensate users affected by the hack. In a recent. X post, the protocol said the grant has been fully distributed to 1,371 recipients. (See below.) KyberSwap Treasury Grant Completed On 1st February 2024, KyberSwap launched the Treasury Grant Program to support Elastic’s affected users. After 1 year of vesting, we’re happy to announce that the KyberSwap Treasury Grant has been fully distributed to 1,371 recipients based on… pic.twitter.com/8otTdLKTiJ — Kyber Network (@KyberNetwork) February 3, 2025 Read more: Hackers steal $70m from Phemex in 2025’s largest attack so far

Ethereum co-founder Vitalik Buterin recently transferred nearly $1 million in USDC stablecoin to his biotech fund, Kanro, on January 6, after selling a range of meme coins to support biotechnology research. According to on-chain data , Buterin swapped 28 different meme coins for $984,000 in USDC. These included tokens like CULT, DOGE, SHIB, and others referencing celebrities such as Elon Musk. The total transactions amounted to approximately $2.5 million, converted into USDC and ETH. The meme coins, sent unsolicited to Buterin’s publicly known wallet “vitalik.eth,” are often used by developers as marketing tools or tributes to the blockchain visionary. However, Buterin periodically liquidates these tokens to fund charitable endeavors, such as donations to his Kanro biotech fund, which he established in 2023. This organization focuses on advancing biotechnology research and other philanthropic causes. Vitalik Buterin’s On-Chain Transactions and Philanthropy Over the past several hours, Buterin has actively liquidated meme coins using platforms like CoW Swap, Uniswap, Kyber Network, and the cross-chain aggregator Odos. Vitalik Buterin ( @VitalikButerin ) sold several of his free #memecoins for $940.9K in $USDC and $ETH today! Notable sales include: • 70M $NEIRO → 74.1K $USDC • 63.1M $ESTEE → 69.8K $USDC • 46.5M $MARVIN → 69.2K $USDC • 500.2K $EBULL → 67.6K $USDC • 100K $MSTR → 61.5K… pic.twitter.com/VDWXID2xtG — Spot On Chain (@spotonchain) January 6, 2025 Some tokens, such as DOBE, were sold in large volumes, though their thin trading activity made the price impact unclear. One token, DINU, saw its value drop by 68% after Buterin exchanged it for USDC. Buterin appears to be consolidating profits to fund Kanro and other charitable initiatives. Recent transactions also show donations to RiseUp, a privacy-focused charity. In addition, his philanthropic efforts include previous contributions such as the sale of over $60 million worth of SHIB and other gifted tokens in 2021, with proceeds directed toward pandemic research, longevity initiatives, and AI development. Meme Coins and the Broader Impact of Buterin’s Wallet Buterin’s publicly visible wallet, associated with the vitalik.eth ENS name, holds nearly $1 billion in assets. His largest holding is over 240,000 ETH, valued at approximately $873 million, alongside derivative tokens from AAVE, WHITE tokens from the WhiteRock platform, and wrapped ETH. Beyond liquidating meme coins, Buterin has encouraged communities to form DAOs and make direct donations to charitable causes, tweeting: “Anything sent to me gets donated to charity, but I prefer if you donate directly,” In October 2024, Buterin’s sales of Popcat and other meme tokens generated $2.24 million in Ethereum, which was used for donations. Ethereum co-founder @VitalikButerin has converted meme coins worth $1.6 million into Ether set to be donated to various charitable causes. #VitalikButerin #Memecoin #Donation https://t.co/EdrzhBUQFm — Cryptonews.com (@cryptonews) October 14, 2024 He also contributed 10 million Thai Baht (approximately $290,000) to the Khao Kheow Open Zoo in Thailand to support the care of Moo Deng, an internet-famous hippo. Additionally, proceeds from meme coins like NEIRO and MOODENG have supported campaigns such as “Free Alexey & Roman,” aiding Tornado Cash developers facing trial in New York. Beyond philanthropy, Buterin continues to support Ethereum’s growth, recently endorsing Optimism’s SuperchainERC20 update to improve Ethereum’s scalability. He has also proposed reducing Ethereum’s staking requirement from 32 ETH to 16 ETH, with a long-term goal of lowering it to 1 ETH. The post Vitalik Buterin Liquidates $2.5M in Meme Coins to Fund Kanro Charity appeared first on Cryptonews .

The hacker who targeted Kyber Network, a prominent blockchain project and a multi-chain hub of liquidity protocols, has sent $1.65 million in Ethereum (ETH) through Tornado Cash, an Ethereum mixing protocol that’s caught the eye of regulators around the globe due to its use by scammers and hackers. PeckShield, a blockchain analysis platform, first reported The post Kyber Network Exploit: Hacker Uses Tornado Cash to Launder $1.65 Million in Stolen ETH appeared first on Coin Edition .

The post Kyber Network Exploiter Resurfaces After 7 Months Of Inactivity! appeared first on Coinpedia Fintech News Reportedly, on 23rd October 2023, this exploiter hacked the Kyber Network. During this hack, the exploiter stole $48.3 million in crypto assets across multiple networks. These networks included Arbitrum, Optimism, Ethereum, Polygon, and Base. Moreover, till today, the exploiter has laundered a total of 7,200 ETH tokens worth $17.23 million through Tornado Cash. with this, …

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