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 Launches Improved Elastic Protocol Today at 4PM UTC
KyberSwap to launch its Elastic protocol with a new smart contract after a fronted attack that caused a $265K USDC loss from BitMart. KyberSwap, a decentralized exchange (DEX) aggregator and liquidity platform, announced that it will suspend mining and mining rewards on its Elastic protocol today at 4:00 PM UTC to deploy an upgraded smart […]
KyberSwap DEX Launches On Arbitrum
KyberSwap decentralized exchange moved to the Arbitrum network in a bid to help users manage the Ethereum network congestion and its expensive gas fees. KyberSwap, a decentralized exchange (DEX) aggregator, has debuted on Ethereum’s layer-two scaling solution, the Arbitrum network. With this step, Kyberswap joins Ethereum (ETH), Polygon (MATIC), Fantom (FTM), BSC (BNB), Avalanche (AVAX), […]