KyberSwap warns about fake compensation claims

The KyberSwap decentralized exchange team said that compensation messages following the breach are scams.

?Important Notice ?

Any reimbursement claims currently circulating are scams. Please don’t engage. Only refer to this official account @KyberNetwork for updates, which will be provided as the situation unfolds. pic.twitter.com/AdIHb9hrUs

— Kyber Network (@KyberNetwork) November 25, 2023

Representatives said that the KyberSwap profile can be spoofed to spread malicious links. They said updates on the situation are published only on the project’s official account.

Many phishing scam links may appear in tweet replies. Please be very alert when reading tweet replies and do not click on any unverified links.

— Kyber Network (@KyberNetwork) November 25, 2023

“Please be very careful when reading replies to tweets and do not click on unverified links,” the message said.

The team also said it had contacted the owners of frontrun bots, which during the exploit drained about $5.7 million. The parties agreed to return 90% of the funds and a 10% reward.

The KyberSwap team has been in contact with the owners of the frontrun bots that extracted about $5.7M* worth of funds from KyberSwap pools on Polygon and Avalanche during the exploit.
We have negotiated with the owners of the frontrun bots to return 90% of the users’ funds taken…

— Kyber Network (@KyberNetwork) November 26, 2023

«[…] мы продолжим оказывать поддержку правоохранительным органам и службам кибербезопасности в поиске и возврате средств пользователей», — уточнили в DEX.

The Elastic Pools liquidity pool hack, which saw the hacker drain about $47 million from the protocol, became known on November 23. He left a message with the transaction indicating an intention to start negotiations “in a few hours”.

Subsequently, the KyberSwap decentralized autonomous organization approached the attacker with an offer to return most of the funds by November 25 in exchange for a reward. It appears the negotiations did not take place.

In November, an unknown individual withdrew $25 million in cryptocurrency from the Taiwanese trading platform Kronos Research.

Earlier, on-chain sleuth ZachXBT suspected a theft of $2 million from the CoinSpot exchange as a result of the breach.