Kronos Research Enters Negotiations with Hacker Over Theft

DeFi Security Concerns Rise as Kronos Seeks Resolution with Hacker

Taipei-based Kronos Research negotiates with a hacker who took $25 million, proposing a return of 90% for resolution. The firm confirmed losses but assures coverage internally without impacting partners.

Public negotiations between hackers and victims are rising, with recent instances involving KyberSwap and Curve Finance amid over $1.2 billion DeFi thefts in 2023.

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