Fun

KyberSwap DEX hacker sends an on-chain message: Be nice, or else

News Feed - 2023-11-29 01:11:52

Brayden Lindrea4 hours agoKyberSwap DEX hacker sends an on-chain message: Be nice, or elseThe exploiter behind the $46 million KyberSwap hack says they plan to outline a treaty for the potential return of funds on Nov. 30, but not if threats and hostilities from execs keep up.6165 Total views10 Total sharesListen to article 0:00NewsJoin us on social networksThe exploiter behind the $46 million crypto theft against KyberSwap has demanded its execs and tokenholders ease up on the hostilities, threatening to push out negotiations until everyone is “more civil.”


In an on-chain message addressed to KyberSwap executives, tokenholders and liquidity providers on Nov. 28, the exploiter said they plan to release a statement around a potential treaty with KyberSwap on Nov. 30 — but won’t do it if hostilities continue.


“I said I was willing to negotiate. In return, I have received (mostly) threats, deadlines, and general unfriendliness from the executive team,” they said.


“Under the assumption that I am treated with further hostility, we can reschedule for a later date, when we all feel more civil,” they warned.The @KyberNetwork exploiter sent the team another message! pic.twitter.com/DnuKUWjFMn— Officer"s Notes (@officer_cia) November 28, 2023


The team behind KyberSwap — a cross-chain decentralized exchange — initially suggested a bounty deal where the hacker returns 90% of the funds across all exploits, allowing the hacker to keep the remaining 10%.


But they followed up with a threat to pursue legal action after the hacker didn’t comply immediately.


“We have reached out to law enforcement and cybersecurity on this case. We have your footprints to track you,” the KyberSwap team said in a Nov. 25 on-chain message, adding:“So it’s better for you if you take the first offer from our previous message before law enforcement and cybersecurity track you down.”


KyberSwap also told the hacker they would initiate a public bounty program to incentivize anyone providing information to support law enforcement that may lead to their arrest and the recovery of user funds.


The team behind KyberSwap has already managed to recover $4.67 million from the $46 million exploit on Nov. 26 from operators of front-running bots, which managed to extract around $5.7 million in crypto from KyberSwap pools on the Polygon and Avalanche networks.


The team hasn’t yet responded to the exploiter’s latest message on X (formerly Twitter) and is presumably waiting to see the new treaty proposed by the hacker.


Related: KyberSwap announces potential vulnerability, tells LPs to withdraw ASAP


A day after the Nov. 22 hack, decentralized finance pundit Doug Colkitt said the attacker used an “infinite money glitch” to carry out a “complex and carefully engineered smart contract exploit” across several networks implementing KyberSwap pools.


Funds were exploited from Avalanche, Polygon and Ethereum and layer-2 networks Arbitrum, Optimism and Base.


KyberSwap runs on the Kyber Network, a blockchain-based liquidity hub that aggregates liquidity across different blockchains and enables the exchange of tokens without an intermediary.


Magazine: This is your brain on crypto: Substance abuse grows among crypto traders# Blockchain# Altcoin# Hackers# Base# Hacks# DeFi# Polygon# DEX# Avalanche# ArbitrumAdd reactionAdd reactionRead moreBlockchain devs expect complications from EU smart contract kill switchMainstream approval critical for blockchain games — Gaming execsUnibot contract $560K exploit crashes token price by more than 40%

News Feed

MiCA regulation poses ‘systemic risk’ to banking system, says Tether CEO
Marco Castrovilli7 hours agoMiCA regulation poses ‘systemic risk’ to banking system, says Tether CEOAccording to Tether CEO Paolo Ardoino, recently approved MiCA regulations threaten both banks and stablecoin issuers
Cardano Will Reach $1.50 Once The $1.10 Resistance Breaks – Details
Este artículo también está disponible en español. Cardano (ADA) has been a focal point of the crypto market’s volatility, experiencing sharp price swings over the past
Ana Paula Pereira7 hours agoENS developers urge Unstoppable Domains to drop patents or face lawsuitENS developer Nick Johnson claims a patent granted to Unstoppable Domains in January is entirely based on ENS Labs innova
Reports Say Beijing Attacking Taiwan Could Lead to ‘Far-Reaching Economic Consequences’
Reports Say Beijing Attacking Taiwan Could Lead to "Far-Reaching Economic Consequences" While the global economy remains gloomy and the war in Ukraine continues, there’s bee
How High Can Dogecoin Go If Bitcoin Hits $1 Million? Analysts Weigh In
Este artículo también está disponible en español. Long a wild card in the crypto scene, Dogecoin (DOGE) has been riding the waves of excitement, community passion, and ev
Salvadoran Government’s Chivo Wallet Experiences Hiccups, Some Residents Can’t Claim $30 BTC Reward
Salvadoran Government"s Chivo Wallet Experiences Hiccups, Some Residents Can"t Claim $30 BTC Reward On the day El Salvador implemented the bitcoin tender law, the official governme
Davos 2023: WEF Unveils Global Collaboration Village Metaverse Platform
Davos 2023: WEF Unveils Global Collaboration Village Metaverse Platform The World Economic Forum (WEF) has announced the rollout of the Global Collaboration Village, its own metave
Bank of England’s Governor Warns About Crypto Amid Bloodbath — ‘Be Prepared to Lose All Your Money’
Bank of England"s Governor Warns About Crypto Amid Bloodbath — "Be Prepared to Lose All Your Money" The governor of the Bank of England, Andrew Bailey, has reiterated his warning
Unofficial GameStop memecoin surpasses $100M in market cap
Zhiyuan Sun8 hours agoUnofficial GameStop memecoin surpasses $100M in market capThe Solana memecoin has soared more than 2,000% in the past week following the surge in GameStop’s stock.3471 Total views5 Total sharesLis
Brayden Lindrea6 hours agoRobinhood beats investors’ appeal in GameStop meme stock caseThe appeals court judge said Robinhood had the right to impose restrictions on meme trade purchases.6751 Total views5 Total sharesL
Bitget Integrates with TradingView For Crypto Derivatives Trading
Bitget Integrates with TradingView For Crypto Derivatives Trading press release PRESS RELEASE.VICTORIA, Seychelles— Bitget, a leading crypto derivatives exchange and copy trading
Hut 8 ‘self-mining plans’ make it competitive post-halving: Benchmark
Tom Mitchelhill6 hours agoHut 8 ‘self-mining plans’ make it competitive post-halving: BenchmarkAnalysts from investing banking firm Benchmark initiated coverage on Hut 8, issuing a “buy” rating and setting a $12