• 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

Crypto Analyst Predicts Potential 10% Move for Solana

chest

Crypto analyst Ali Martinez predicts a potential 10% price move for Solana based on a Symmetrical Triangle pattern in its hourly price chart.

user avatarElias Mukuru

Hoskinson Outlines Future Plans Amidst Iagon Dispute

chest

Charles Hoskinson outlines plans to enhance Cardano's decentralized infrastructure amidst the Iagon dispute, mentioning potential collaborations with Filecoin and Walrus.

user avatarDiego Alvarez

Charles Hoskinson Accuses Iagon Leadership of Crossing Red Lines

chest

Charles Hoskinson publicly criticizes Iagon leadership for targeting Midnight community members during a funding dispute.

user avatarKenji Takahashi

Solana Foundation Outlines Quantum Computing Preparedness Strategy

chest

The Solana Foundation outlines its strategy to prepare for potential quantum computing impacts on blockchain security.

user avatarMaria Fernandez

XRP Price Drops Below Key Support Levels.

chest

XRP price has extended its losses, trading below significant support levels and facing resistance in its recovery attempts.

user avatarGustavo Mendoza

Ethereum's price undergoes a decline followed by stabilization.

chest

Ethereum price has started a fresh decline, trading below key levels and facing resistance.

user avatarRajesh Kumar

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.