% 0.54
BTC Domination:
% 0.08
% 3.80
ETH Domination:
% 0.04
Market Cap:
% 1.02
$ 51.797
BTC Domination:
% 51.2
Market Cap:
% 1,98

KyberSwap Hacked And $46 Million Stolen

Update Date: 23 November 2023 11:09:03

KyberSwap, suffered as a result of an exploit on multiple blockchains, exposing it to the theft of millions of Ether and other assets. In the most recent decentralized finance exploit, it is estimated that various crypto assets worth 46 million dollars were stolen from the KyberSwap exchange.

On November 23, the Kyber Network team warned its users via a tweet that KyberSwap Elastic had “suffered a security breach.” The team recommended users to withdraw their assets as a precaution and added that they were continuing to investigate the situation.

At the time of publishing this news, there is no further information available about the exact amount of stolen assets or who the thief is. The Kyber Network team is actively monitoring the situation and plans to inform its users as more information comes in.

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Blockchain detectives have identified the wallet addresses in actual use and those exploited. According to Debank data, in this attack, approximately $20 million worth of Wrapped Ether (wETH), $7 million in Ether invested in Wrapped Lido (wstETH), and $4 million in Arbitrum (ARB), for a total of about $46 million in assets were stolen.

The stolen funds were distributed across multiple chains, including Arbitrum, Optimism, Ethereum, Polygon, and Base. In a post, the Blockchain detective “Spreek” indicated that this situation was not related to a confirmation issue, but only to the total value held in the Kyber pool.

The attacker left a trail on the chain by leaving a message that seemed to say, “I will start negotiations when I am fully listened,” for protocol developers and DAO members.

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