Around $46 million worth of crypto assets has been stolen from the decentralized KyberSwap exchange in a recent exploit. The Kyber Network team alerted users to a security incident and advised them to withdraw their funds as a precaution. The attack impacted various wallets and involved multiple chains, including Arbitrum, Optimism, Ethereum, Polygon, and Base. The stolen funds include wrapped Ether, wrapped Lido-staked Ether, and Arbitrum. The total value locked (TVL) of KyberSwap plummeted by 68% due to the hack and user withdrawals, with almost $78 million leaving the protocol. The Kyber Network Crystal KNC token prices initially dipped but have since recovered. This is not the first time KyberSwap has faced a vulnerability, as a previous incident in April prompted the team to advise users to withdraw liquidity. The attacker has left a message for protocol developers and DAO members, indicating negotiations will begin soon.

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Information	Details
Geography	Global
Countries
Sentiment	negative
Relevance Score	1
People	None
Companies	Ethereum, Polygon, Optimism, KyberSwap, Arbitrum, Base, Kyber Network, DefiLlama, Debank
Currencies	Ethereum, Polygon, Aave v3 WETH, Bridged Wrapped stETH, Arbitrum
Securities	None