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

3 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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Visa's Research Highlights Trust as a Barrier to Stablecoin Adoption

Visa's research highlights that trust and fraud protection are essential for stablecoin adoption, with 36% of US respondents considering their use, especially with bank-level protections.

user avatarTomas Novak

Cardano's Onchain Governance Approves New Treasury Allocations

Cardano's governance system has approved a new round of treasury allocations aimed at infrastructure and ecosystem development.

user avatarKaterina Papadopoulou

Galaxy Invests $100 Million in Onchain Credit Infrastructure

Galaxy has invested $100 million in Sky Protocol's yield-bearing sUSDS, integrating it into its corporate treasury and allowing it as collateral for institutional trading.

user avatarMaya Lundqvist

Blockchain.com and NYSE Join Forces to Launch Tokenized Trading Platform

Blockchain.com and the New York Stock Exchange have signed an agreement to develop a platform for trading tokenized US stocks and ETFs.

user avatarLeo van der Veen

Circle Launches StableFX for Onchain Foreign Exchange

Circle has launched StableFX, a service for institutions to exchange stablecoin-denominated currencies on its blockchain, Arc, enabling 24/7 currency exchanges and improving foreign exchange efficiency.

user avatarLi Weicheng

TLDR Strategy Enhances Financing Framework for Future Activities

TLDR Strategy has updated its securities paperwork to maintain its at-the-market financing capacity, crucial for future funding activities.

user avatarAisha Farooq

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.