• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
The hacker who hacked KyberSwap moved $2.5 million to the Ethereum network

The hacker who hacked KyberSwap moved $2.5 million to the Ethereum network

user avatar

by Max Nevskyi

2 years ago


ETH (approximately $2.5 million at the current exchange rate) from the Arbitrum network to the Ethereum network. In addition, the transfer of 826,500 DAI to another wallet was noticed.

Representatives of PeckShield were unable to establish the purpose of this transfer of funds by the owner of the wallet. It is noted that over the past few months, the activity of this address has been minimal.

Recall that in November, KyberSwap was the victim of a hacker attack worth more than $ 40 million. Thanks to negotiations with frontrunner bot operators, who withdrew about $5.7 million from cryptocurrency pools, $4.67 million was returned.

Subsequently, the attacker made several demands, including full control over the project, including access to documentation and data related to profits and assets.

Due to the hacking, KyberSwap management had to cut 50% of its employees. In addition, initiatives on the liquidity protocol and the KyberAI project have been temporarily suspended.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

XRP's Value Disconnected from Real-World Usage

chest

Crypto analyst Atlas raises concerns about XRP's value, stating it is disconnected from real-world usage despite Ripple's success.

user avatarLucas Weissmann

Crypto ATM Scams on the Rise, Warns Minnesota AG

chest

Minnesota Attorney General Keith Ellison warns about the rise of scams involving cryptocurrency ATMs, highlighting the need for better consumer protection and awareness.

user avatarFilippo Romano

Minnesota AG Keith Ellison Launches Survey on Crypto ATM Usage

chest

Minnesota Attorney General Keith Ellison has launched a survey to gather information on residents' experiences with cryptocurrency ATMs to combat scams.

user avatarEmily Carter

The Inconsistent Impact of US Government Shutdowns on Cryptocurrencies

chest

The impact of US Government Shutdowns on cryptocurrencies has been inconsistent, with mixed market reactions.

user avatarTomas Novak

Understanding the Economic Impact of US Government Shutdowns

chest

Understanding the economic impact of US government shutdowns, which have historically caused disruptions and reduced GDP growth since the early 1980s.

user avatarKaterina Papadopoulou

Financial Markets Brace for Impact of Potential US Government Shutdown

chest

Financial markets are preparing for the impact of a potential US government shutdown, which could lead to increased volatility, particularly in the crypto sector.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.