{"id":11042,"date":"2024-02-26T16:10:27","date_gmt":"2024-02-26T14:10:27","guid":{"rendered":"https:\/\/forklog.com\/en\/stolen-kyberswap-funds-on-the-move-analysts-reveal\/"},"modified":"2024-02-26T16:10:27","modified_gmt":"2024-02-26T14:10:27","slug":"stolen-kyberswap-funds-on-the-move-analysts-reveal","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/stolen-kyberswap-funds-on-the-move-analysts-reveal\/","title":{"rendered":"Stolen KyberSwap Funds on the Move, Analysts Reveal"},"content":{"rendered":"<p>The hacker responsible for breaching the decentralized exchange KyberSwap has moved assets worth millions of dollars, experts at PeckShield have noted.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/PeckShieldAlert?src=hash&#038;ref_src=twsrc%5Etfw\">#PeckShieldAlert<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/KyberSwap?src=hash&#038;ref_src=twsrc%5Etfw\">#KyberSwap<\/a> Exploiter-labeled address bridged ~800 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> (worth ~$2.5m) from <a href=\"https:\/\/twitter.com\/hashtag\/Arbitrum?src=hash&#038;ref_src=twsrc%5Etfw\">#Arbitrum<\/a> to <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&#038;ref_src=twsrc%5Etfw\">#Ethereum<\/a> <a href=\"https:\/\/t.co\/xTWO7lOLJY\">pic.twitter.com\/xTWO7lOLJY<\/a><\/p>\n<p>\u2014 PeckShieldAlert (@PeckShieldAlert) <a href=\"https:\/\/twitter.com\/PeckShieldAlert\/status\/1761936020617236548?ref_src=twsrc%5Etfw\">February 26, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Analysts detected a transfer of approximately 799 ETH (around $2.5 million) from the L2 network Arbitrum to Ethereum.<\/p>\n<p>The perpetrator also executed a transaction involving stablecoins DAI exceeding $820,000.<\/p>\n<p>The attack on KyberSwap was one of the largest breaches in the crypto industry in 2023. In November, the attacker drained assets worth $47 million from the protocol&#8217;s pools.<\/p>\n<p>The project team offered to return 90% of the funds for a 10% reward. However, the hacker demanded full control of the project.<\/p>\n<p>About a month after the incident, KyberSwap announced a 50% staff reduction due to &#8220;unprecedented challenges.&#8221;<\/p>\n<p>Earlier, the exchange&#8217;s team promised to compensate those affected by the hack with grants from the treasury.<\/p>\n<p>In 2022, the project reimbursed clients with 265,000 USDC stolen in an attack.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The hacker responsible for breaching the decentralized exchange KyberSwap has moved assets worth millions of dollars, experts at PeckShield have noted. #PeckShieldAlert #KyberSwap Exploiter-labeled address bridged ~800 $ETH (worth ~$2.5m) from #Arbitrum to #Ethereum pic.twitter.com\/xTWO7lOLJY \u2014 PeckShieldAlert (@PeckShieldAlert) February 26, 2024 Analysts detected a transfer of approximately 799 ETH (around $2.5 million) from the L2 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11041,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[44,787,1416],"class_list":["post-11042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybercrime","tag-dex","tag-kyber-network"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=11042"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11042\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/11041"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=11042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=11042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=11042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}