Decentralized finance (DeFi) platform KyberSwap has been hacked to the tune of tens of millions of dollars in virtual currencies, causing its native asset to crash.
Lookonchain blockchain tracker data reveals that $46.5 million in digital assets were stolen from KyberSwap, including $20.78 million in wrapped Ethereum (wETH), $9.53 million in Lido-wrapped Ethereum (wstETH), and $4.1 million in the Arbitrum layer 2 scaling solution (ARB). .
According to Lookonchain, the exploiter said it is willing to negotiate, although it did not give specific details.
“KyberSwap was mined for ~$46.5 million in assets!
Including: 10,049 wETH ($20.78 million) 4,017 wstETH ($9.53 million) 3.98 million ARB ($4.1 million).
This exploiter deposited USDC on Aave and provided liquidity on Uniswap. And willing to negotiate with the KyberSwap team.”
Source: Lookonchain/X
In a new thread on social media platform X, the decentralized exchange (DEX) protocol affairs a warning to its users, saying that they should withdraw their funds immediately as a precaution.
“Dear KyberSwap Elastic users, We regret to inform you that KyberSwap Elastic has experienced a security incident.
As a precautionary measure, we strongly recommend all users to withdraw their funds as soon as possible. Our team is diligently investigating the situation and we are committed to keeping you informed with regular updates.
Thank you for your understanding and cooperation during this difficult time.”
Kyber Network Crystal (KNC), the native asset of KyberSwap, is trading at $0.721 at the time of writing, a decrease of 2.75% over the last 24 hours.
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