• 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

SEC Commissioner Hester Peirce Calls for Clearer Regulations on Blockchain Developers

chest

SEC Commissioner Hester Peirce advocates for clearer regulations protecting blockchain developers under the First Amendment.

user avatarLi Weicheng

Strategy MSTR's Bitcoin Sale Sends Shockwaves Through Crypto Market

chest

Strategy MSTR sold Bitcoin for the first time in nearly four years, offloading 32 BTC for approximately $25 million, causing a psychological impact on traders.

user avatarAisha Farooq

Farage's Crypto Ties Under Scrutiny Amid Fundraising Success

chest

Nigel Farage's connections with cryptocurrency donors are under scrutiny due to a £6.7 million gift from Christopher Harborne, leading to a parliamentary inquiry about political donation transparency.

user avatarTenzin Dorje

Michael Saylor Analyzes Bitcoin's Evolution and Its Four Camps

chest

Michael Saylor analyzes Bitcoin's evolution, categorizing its community into four groups: Maximalists, Capitalists, Technologists, and Fundamentalists, reflecting growth and differing perspectives on its future.

user avatarBayarjavkhlan Ganbaatar

FOMC Decisions Could Shape Bitcoin's Future

chest

The upcoming FOMC meeting's decisions on interest rates will significantly impact Bitcoin prices, with potential for bullish or bearish trends depending on the outcome.

user avatarElias Mukuru

Market Anticipates FOMC Meeting Outcomes

chest

The upcoming FOMC meeting on June 16-17, 2023, is expected to keep interest rates unchanged, influencing market sentiment and Bitcoin prices.

user avatarMohamed Farouk

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.