Decentralized Exchange KyberSwap Suffered $46 million Hack

Around $46 million in various crypto assets has seemingly been drained from decentralized exchange KyberSwap. Kyber Network team has alerted its users on X that KyberSwap Elastic "has experienced a security incident."

According to Debank data, around $46 million has been pilfered in the attack, including roughly $20 million in wrapped Ether (wETH), $7 million in wrapped Lido-staked Ether (wstETH), and $4 million in Arbitrum (ARB).

The attacker has also left an on-chain message for protocol developers and DAO members, saying “negotiations will start in a few hours when I am fully rested.”