• 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

Coinbase Unveils Coinbase for Agents, Empowering AI in Cryptocurrency Trading

chest

Coinbase has launched Coinbase for Agents, a tool that enables AI systems to trade cryptocurrencies and manage portfolios on behalf of users.

user avatarGustavo Mendoza

Bitcoin Enters Final Phase of Bear Market

chest

A crypto analyst has indicated that Bitcoin is in the final phase of its bear market, projecting further volatility and a potential price bottom.

user avatarRajesh Kumar

Hedgeye Introduces New Hedged Bitcoin ETF to Mitigate Risk

chest

Hedgeye has filed for a new Bitcoin ETF that aims to combine exposure to spot ETFs with an options overlay designed to reduce volatility and manage downside risk.

user avatarMiguel Rodriguez

Ethereum Open Interest Hits Record High on Binance Amid Market Uncertainty

chest

Binance has recorded a new all-time high in Ethereum open interest, signaling renewed speculative demand despite market uncertainties.

user avatarLuis Flores

Strategy CEO Clarifies Recent Bitcoin Sale

chest

Strategy CEO Phong Le clarifies that the recent sale of 32 Bitcoin was not due to liquidity needs, but to demonstrate market capability and test internal processes.

user avatarArif Mukhtar

Bitcoin's RSI Signals Possible Market Recovery Amidst Investor Sentiment Decline

chest

Bitcoin's RSI has dropped to 21.8, indicating oversold conditions that may lead to a market recovery.

user avatarMaria Gutierrez

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.