KyberSwap Hacker Transfers $2.5M in Stolen Funds to Ethereum Blockchain
The hacker responsible for the assault on the KyberSwap decentralized exchange (DEX), transferred $2.5 million worth of stolen digital assets from Arbitrum to Ethereum blockchain. Blockchain analytics firm PeckShield disclosed transactions originating from the wallet address of the KyberSwap assailant on February 26. According to blockchain data, the intruder transferred 798.8 Ether, valued at nearly […]
KyberSwap Launches Treasury Grant Program for Users
KyberSwap has introduced a Treasury Grant program for impacted users in response to the November 22 exploit. A post on X on December 1 stated that the KyberSwap elastic issue led to exploitative swaps that took almost $48.8 million out of users’ liquidity pools. In order to find the exploiter and retrieve user funds, the […]
KyberSwap Hacker Demands Complete Executive Control of Platform
The hacker responsible for the $46 million KyberSwap breach has demanded “Complete Executive Control” of the Kyber organization, including all company assets, both on and off-chain, shares, equity, and tokens in exchange for the return of the stolen funds The KyberSwap intruder dispatched an on-chain message to all pertinent and interested parties on November 30. […]
KyberSwap Offers 10% Bounty to Hackers for Return of $46M Loot
Following the November 22 exploit of $46 Million from the decentralized exchange KyberSwap, a 10% bounty reward worth $4.6M has been offered to the hackers in return for the loot. KyberSwap informed users on November 23 that KyberSwap Elastic, its liquidity solution, had been compromised and recommended that they withdraw their funds. Subsequently, on November […]
KyberSwap Hacked for $46M, Users Advised to Withdraw Funds
KyberSwap, a decentralized exchange, has suffered a major security breach, resulting in the loss of around $46 million in various cryptocurrencies. The attack targeted the KyberSwap Elastic protocol, which offers speed, efficiency, and top-tier governance. KyberSwap, which operates on the Kyber Network, has been hit by a massive exploit that drained about $46 million worth […]