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News Explorer — KyberSwap DEX Drained of $48M in Hack

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Nov 23, 2:20 am

Coindesk

KyberSwap DEX Drained of $48M in Hack

KyberSwap, a decentralized exchange (DEX), has been targeted in an attack resulting in a loss of nearly $50 million. Users are being advised to withdraw all funds as a precautionary measure. The attacker has primarily stolen Ether, wrapped ether (wETH), and USDC, targeting multiple cross-chain deployments of KyberSwap. The attack is believed to be a directed attack against the liquidity provider pools.

KyberSwap, a decentralized exchange (DEX), has been targeted in an attack resulting in a loss of nearly $50 million. Users are being advised to withdraw all funds as a precautionary measure. The attacker has primarily stolen Ether, wrapped ether (wETH), and USDC, targeting multiple cross-chain deployments of KyberSwap. The attack is believed to be a directed attack against the liquidity provider pools.

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