KyberSwap hacker affords $4.6M bounty for return of $46M loot

The decentralized alternate KyberSwap has provided a ten% bounty reward to the hacker who stole $46 million on Nov. 22 and left a word of negotiation. The alternate needs 90% of the loot returned by 6 am UTC on Nov. 25.

On Nov. 23, KyberSwap alerted customers that its liquidity answer, KyberSwap Elastic (NYSE:), was compromised and suggested them to withdraw funds. Within the meantime, on Nov. 22, the hacker made away with roughly $20 million in Wrapped Ether (wETH), $7 million in wrapped Lido-staked Ether (wstETH) and $4 million in Arbitrum (ARB) tokens. The hacker then siphoned the loot throughout a number of chains, together with Arbitrum, Optimism, , Polygon and Base.

Proceed Studying on Cointelegraph