- Decentralized exchange KyberSwap experienced a major exploit, resulting in a loss of $46.5 million.
- The Kyber team urgently notified users of a security incident, advising immediate fund withdrawal.
- The attacker deposited stolen USDC to Aave and provided liquidity on Uniswap.
Decentralized exchange KyberSwap became the latest victim of a major exploit, with $46.5 million drained from the platform earlier today.
UrgentDear KyberSwap Elastic Users,
We regret to inform you that KyberSwap Elastic has experienced a security incident.
As a precautionary measure, we strongly advise all users to promptly withdraw their funds. Our team is diligently investigating the situation, and we…
— Kyber Network (@KyberNetwork) November 22, 2023
In an urgent tweet, the Kyber team informed users that “KyberSwap Elastic has experienced a security incident” and strongly advised everyone to withdraw funds immediately as a precaution.
According to the on-chain analytics platform Lookonchain, the attacker deposited some stolen USDC to lending protocol Aave and provided liquidity on Uniswap.
KyberSwap was exploited for ~$46.5M assets!The post KyberSwap DEX Suffers $46.5M Exploit, Users Asked To Withdraw Funds appeared first on Coin Edition.Including:
10,049 $WETH($20.78M)
4,017 $w…