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Update Nov. 30 1:10PM UTC: This article has been updated to add details on the hackers demands.The hacker behind the $46-million KyberSwap exploit has finally released their conditions for the return of the stolen funds, which include “complete executive control” over the Kyber company.On Nov. 30, the KyberSwap hacker sent
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The exploiter behind the $46 million crypto theft against KyberSwap has demanded its execs and tokenholders ease up on the hostilities, threatening to push out negotiations until everyone is “more civil.”In an on-chain message addressed to KyberSwap executives, tokenholders and liquidity providers on Nov. 28, the exploiter said they plan
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KyberSwap has stated that it will continue to cooperate with law enforcement and cybersecurity experts to recover user funds and track down the perpetrators of the attack. The KyberSwap team has recovered approximately $5.7 million after last week’s $47 million hack on KyberSwap liquidity pools on Polygon and Avalanche. The company
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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The attacker who stole $46 million from the KyberSwap protocol has used a complex strategy described by a DeFi expert as an “infinite
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The decentralized exchange KyberSwap has offered a 10% bounty reward to the hacker who stole $46 million on Nov. 22 and left a note of negotiation. The exchange wants 90% of the loot returned by 6 am UTC on Nov. 25.On Nov. 23, KyberSwap alerted users that its liquidity solution,
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The attacker had said negotiations would start when they are "fully rested," and hasn't been heard from since. Source
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The attacker who drained $46 million from KyberSwap relied on a “complex and carefully engineered smart contract exploit” to carry out the attack, according to a social media thread by Ambient exchange founder Doug Colkitt. Colkitt labeled the exploit an “infinite money glitch.” According to him, the attacker took advantage of
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Kyber Network has asked all of its users to promptly withdraw all their funds without clicking on any suspicious links or DMs. KyberSwap, a decentralized exchange (DEX) protocol, has reportedly experienced a $47 million exploit, based on on-chain data. The funds were associated with its Elastic Pools liquidity solution. Unexpectedly, funds
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The Kyber Network team has confirmed the incident, urging users to promptly withdraw their funds. Decentralized exchange protocol KyberSwap has allegedly suffered a hacker attack as more than $45 million worth of crypto has been drained from the project across multiple networks. 🚨Urgent🚨Dear KyberSwap Elastic Users,We regret to inform you that KyberSwap
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On-chain data shows that the attacker is stealing funds mostly in Ether, wrapped ether (wETH) and USDC. The attacker has also hit multiple cross-chain deployments of KyberSwap, taking over $20 million on Arbitrum, $15 million from Optimism and $7 million from Ethereum. Source
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