global 711 crypto negative
KyberSwap, a decentralized exchange, has offered a 10% bounty reward to the hacker who stole $46 million on November 22. The exchange is requesting 90% of the stolen funds to be returned by November 25. The hacker targeted KyberSwap’s liquidity solution, KyberSwap Elastic, and made off with approximately $20 million in Wrapped Ether, $7 million in wrapped Lido-staked Ether, and $4 million in Arbitrum. The stolen funds were then spread across multiple chains. After hiding the stolen funds, the hacker left a message for KyberSwap, stating that negotiations would begin soon. KyberSwap responded by offering a bounty equivalent to 10% of the users’ funds for the safe return of all the stolen funds. If the hacker fails to respond or return the funds by November 25, they will remain on the run. The hack was carried out using a complex smart contract exploit.

This News Article was automatically generated by Bob the Bot (AI)

Information Details
Geography Global
Countries
Sentiment negative
Relevance Score 1
People None
Companies KyberSwap
Currencies Ethereum, Lido Staked Ether, Arbitrum, Polygon, Bridged Wrapped Ether
Securities None

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