KyberSwap Exploiter Distributes $50M to Largest HXA Token Holders

• Cyvers disclosed an irregular $50 million transaction linked to the exploited KyberSwap platform.
• The exploiter disperses the funds to the most important holders of HXA tokens.
• Following Cyvers’s replace, exchanges Gate.io and MEXC suspended the withdrawal and deposit of HXA tokens.

In a current communication, the distinguished blockchain safety agency Cyvers reported a regarding improvement associated to the just lately exploited platform KyberSwap, famend for facilitating crypto belongings trade with out intermediaries.

In keeping with the replace, Cyvers’ system has recognized an “irregular transaction” linked to the unhealthy actors that exploited the Kyber Community. Particularly, the Cyvers crew disclosed that the tackle related to the Kyber Community exploiter obtained $50 million price of HXA tokens from an Ethereum tackle utilizing an uncommon perform. 

Furthermore, Cyvers highlighted that the funds had been subsequently distributed to varied externally owned accounts (EOAs), with these EOAs recognized as the most important holders of the HXA tokens.

Notably, KyberSwap was one of many crypto platforms that suffered from the high-profile safety exploits that rocked the month of November, shedding multi-million {dollars}.

In the meantime, the safety agency underscored that HXA, the native utility token of the Herencia Artifex NFT mission, makes use of Thirdweb libraries in its sensible contract implementation. Cyvers suspects that the KyberSwap exploit could also be linked to a vulnerability within the Multicall perform.  The safety agency invitations events to achieve out for added data for additional investigation into the matter.

In a follow-up publish on X, Cyvers disclosed that withdrawals and deposits of HXA tokens have been suspended on each Gate.io and MEXC exchanges. Whereas it comes following the detected irregular transaction, it’s unclear whether or not the deposit and withdrawal suspicion had been in response to the safety issues arising from the exploited funds. 

Moreover, Cyvers talked about that the HXA coin web site, usually accessible at hxacoin.io, is at present unavailable, which stays so on the time of reporting.