Kyber Network’s notice reads, “Forensic investigations are already under way to identify further information about the attackers, and KyberSwap is in touch with various exchanges to block any funds transfer from the attackers’ wallets and identify them.”
Kyber Network was hit by an exploit that targeted the KyberSwap frontend, with the perpetrator escaping with $265K in crypto assets.
On September 1, the Kyber Network team discovered a suspicious element on the DeFi platform’s frontend. After shutting down the frontend, the team discovered an exploit on Kyber Network’s Google Tag Manager that allowed hackers to siphon users’ funds to their wallets.
The UI was restored soon after the team eliminated the malicious code. Unfortunately, the hacker had already managed to siphon crypto assets worth $265K from two whale addresses.
The firm reassured the community that its team did not notice any suspicious activity after removing the bad script. It promised to reimburse the users whose wallets and addresses were compromised with the amount of funds lost.
Kyber Network cautioned its users to revoke malicious approvals when trading on its DEX platform, KyberSwap. Additionally, it advised users to contact the Kyber team immediately if the following warning pops up when they sign any transactions:
The notice from Kyber Network asserts that perpetrator will not be able to cash out without revealing themselves. Lastly, it states that Kyber Network would let the hacker keep 15% of the stolen amount should they return the funds and converse with the team.
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