KyberSwap DEX Hacked for $48 Million, Attacker Teases Negotiations

Decentralized exchange (DEX) KyberSwap has been attacked for nearly $50 million, and administrators are advising users to withdraw all funds as a precautionary measure as the exploiter says negotiations will soon commence. On-chain data shows that the attacker is stealing funds mostly in Ether, wrapped ether (wETH) and USDC. On-chain sleuths have ruled out this being related to a bug in the DEX's approval authorization code, and suggest that the theft is a directed attack against the liquidity provider pools themselves. The attacker has teased that "negotiations will start in a few hours when I am fully rested."

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!

iOS: https://links.hashd.co/ios

Android: https://links.hashd.co/android