• 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

Bitcoin Market Enters Momentum Reset Phase

chest

The Bitcoin market is currently experiencing a momentum reset, a typical occurrence between major trend cycles.

user avatarMaria Gutierrez

Anticipated Effects on Upcoming Tax Regulations

chest

The private dinner in Washington, DC, is expected to influence upcoming cryptocurrency tax regulations, aiming for increased clarity and eased reporting requirements.

user avatarDavid Robinson

BNB Chain Enhances Infrastructure with Better Payment Network

chest

BNB Chain is enhancing its global utility through a partnership with Better Payment Network to build a multistablecoin global settlement network.

user avatarAndrew Smith

High College Dropout Rates Linked to Systemic Challenges

chest

A national study reveals that nearly 40% of college students do not graduate due to systemic issues rather than lack of ability.

user avatarZainab Kamara

IAILS Introduces Immersive AI to Combat College Dropout Rates

chest

The Fourth Star Immersive AI Learning System (IAILS) aims to address barriers to student graduation.

user avatarJacob Williams

XRP Forms Megaphone Pattern Indicating Potential Drop to $0.88

chest

The XRPUSD pair has formed a megaphone pattern, suggesting a deeper correction may occur, targeting $0.88.

user avatarSon Min-ho

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.