KyberSwap hacker offered to keep $4,7 million as a reward

The remaining $42,3 million must be returned by November 25

24.11.2023 - 15:22

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What’s new? The community of the decentralized exchange (DEX) KyberSwap offered the hacker a reward of 10% of the stolen funds in exchange for returning the other 90%. The team admitted that the hacker committed “one of the most sophisticated hacks,” adding that it will contact law enforcement if the funds are not returned by November 25, 06:00 UTC.

Etherscan’s data

What else is known? The November 19 exploit caused the exchange to lose $47 million. According to Lookonchain analysts, the hack was the third largest in the cryptocurrency sector since the beginning of the month.

The attack affected assets on Arbitrum, Optimism, Kyber Mainnet, Polygon, and Base networks. For security reasons, the team urged users to withdraw funds from the platform. In this, the hacker himself was the first to offer KyberSwap to start negotiations on asset recovery.

On November 10, Justin Sun’s Poloniex exchange lost $124 million as a result of the attack. The hacker was also offered to keep a reward of 5% of the stolen funds, but he ignored the appeal.

The exchange’s team later said it had passed on the hacker’s details to police in China, Russia, and the United States.

On November 22, another Sun’s exchange, HTX, was hacked for another $86,6 million.

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