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

Other Crypto Funds Experience Significant Withdrawals

Other cryptocurrency ETF categories, including Solana and XRP, recorded significant withdrawals, indicating a broader trend of selling pressure.

user avatarSatoshi Nakamura

MEGA Plans AI Marketplace Launch for December

MEGA is set to launch an AI inference marketplace in December, allowing customers to access services from various AI model providers.

user avatarNguyen Van Long

MEGA Reduces Workforce to Shift Focus to AI Products

MEGA has laid off 20 employees as part of a restructuring to expand into artificial intelligence, moving beyond its blockchain infrastructure.

user avatarKofi Adjeman

Institutional Withdrawals from Crypto ETFs Reach Over $1 Billion

Institutional demand for crypto ETFs has weakened significantly, with US spot Bitcoin ETFs experiencing over $1 billion in withdrawals for the second consecutive week.

user avatarJesper Sørensen

Ethereum Staking Hits Record Levels Despite Price Drop

Ethereum's staking rate has surged to an all-time high of 36.3% of total supply, even as the price of ETH has fallen to around $2,000.

user avatarRajesh Kumar

Jane Street Boosts Bitcoin ETF Holdings Amid Market Changes

Jane Street has significantly increased its stake in major Bitcoin ETFs, particularly in Fidelity's Wise Origin Bitcoin Fund, reflecting strong client demand and trading activity in the Bitcoin market.

user avatarLucas Weissmann

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.