Category: KyberSwap

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Hacker Behind 2023 KyberSwap Attack Moves $2.5 Million From Arbitrum to Ethereum

February 27, 2024

The hacker responsible for the November 2023 KyberSwap attack was spotted on February 26 transferring nearly $2.5 million in cryptocurrency. #PeckShieldAlert #KyberSwap Exploiter-labeled address bridged ~800 $ETH (worth ~$2.5m) from #Arbitrum to #Ethereum pic.twitter.com/xTWO7lOLJY — PeckShieldAlert (@PeckShieldAlert) February 26, 2024 https://platform.twitter.com/widgets.js According to an X post by blockchain analytics firm PeckShield, the hacker moved 798.8…
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KyberSwap’s CEO Says Staff Strength Reduced by 50% Following Exploit and Related Challenges

December 27, 2023

Source: KyberSwap KyberSwap’s CEO Victor Tran says the company has reduced its staff by 50% following a $48 million exploit last month stressing on keeping operations running and compensating all affected users with their assets. In a Dec 25 post, the CEO took to X (formerly Twitter) to explain the state of affairs following the…
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KyberSwap Announces Grants from Protocol Treasury to Aid Victims of Recent Exploit

December 2, 2023

Source: AdobeStock / Roman Samokhin The team behind KyberSwap announced that it would offer grants from the protocol’s treasury to victims of the recent exploit, aiming to provide monetary relief. In a post on X (formerly Twitter), the team behind KyberSwap reiterates its unwavering commitment to supporting law enforcement and cybersecurity efforts to track down…
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Hacker Demands Full Control Over Kyber in Wake of $47M Breach, Offers Executives Buyout and Staff Severance

December 1, 2023

A cybercriminal, who has been actively communicating with Kyberswap, issued a new onchain directive, this time insisting on “complete executive control over Kyber (the company).” This captivating onchain communication to the Kyberswap crew comes after the hacker’s initial request for the team to engage in more amiable and cooperative discussions. Kyberswap Attacker Claims ‘Kyber Director’…
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Hacker Seeks Civility in $47 Million Kyberswap Heist, Demands Friendly Negotiations

November 30, 2023

In the wake of Kyberswap, a decentralized exchange (dex) platform, suffering a $47 million loss due to a cyberattack, the perpetrator indicated a readiness to engage in negotiations. Yet, despite expressing an openness to resolution, the hacker lamented encountering primarily “received (mostly) threats, deadlines, and general unfriendliness.” They warned that if such hostility persists, the…
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KyberSwap DEX hacker sends an on-chain message: Be nice, or else

November 29, 2023

The exploiter behind the $46 million KyberSwap hack says they plan to outline a treaty for the potential return of funds on Nov. 30, but not if threats and hostilities from execs keep up. The exploiter behind the $46 million crypto theft against KyberSwap has demanded its execs and tokenholders ease up on the hostilities,…
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KyberSwap Exploited in $46 Million Attack Due to ‘Infinite Money Glitch’

November 24, 2023

Source: AdobeStock / Roman Samokhin According to Ambient Exchange founder Doug Colkitt, KyberSwap’s $46 million hack was “the most complex and carefully engineered smart contract exploit” and confirmed that what happened was an infinite money glitch. In a detailed thread on X dated November 23, Colkitt outlined the intricacies of the attack, shedding light on…
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KyberSwap attacker used ‘infinite money glitch’ to drain funds — DeFi expert

November 23, 2023

By exploiting a bug, the attacker caused liquidity to be “double-counted,” allowing them to get an unfair price for a swap. The attacker who drained $46 million from KyberSwap relied on a “complex and carefully engineered smart contract exploit” to carry out the attack, according to a social media thread by Ambient exchange founder Doug…
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KyberSwap Hacked for $48 Million, Hackers Suggest Negotiations

November 23, 2023

Source: KyberSwap KyberSwap, a decentralized exchange, has been compromised in a hack resulting in the theft of $48 million, prompting the platform to advise users to withdraw their funds while the attackers hint at entering negotiations. On-chain data indicates that the hack on KyberSwap resulted in significant losses of $48 million across several blockchain networks,…
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KyberSwap DEX exploited for $46 million, TVL tanks 68%

November 23, 2023

The DEX aggregator has been exploited across multiple blockchains with millions in wrapped Ether and other assets stolen. Around $46 million in various crypto assets has seemingly been drained from the decentralized KyberSwap exchange in the latest decentralized finance exploit. On Nov. 23, the Kyber Network team alerted its users stating in an X (Twitter)…
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