Aave

USDC

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<ul class="news-points">
 <li><strong>Decentralized exchange KyberSwap experienced a major exploit, resulting in a loss of $46.5 million.</strong></li>
 <li><strong>The Kyber team urgently notified users of a security incident, advising immediate fund withdrawal.</strong></li>
 <li><strong>The attacker deposited stolen USDC to Aave and provided liquidity on Uniswap.</strong></li>
</ul>
<p>Decentralized exchange KyberSwap became the latest victim of a major exploit, with $46.5 million drained from the platform earlier today.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">Urgent<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Dear KyberSwap Elastic Users,<br>We regret to inform you that KyberSwap Elastic has experienced a security incident. <br><br>As a precautionary measure, we strongly advise all users to promptly withdraw their funds. Our team is diligently investigating the situation, and we…</p>— Kyber Network (@KyberNetwork) <a href="https://twitter.com/KyberNetwork/status/1727475235342217682?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 22, 2023</a>
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<p>In an urgent tweet, the Kyber team informed users that “KyberSwap Elastic has experienced a security incident” and strongly advised everyone to withdraw funds immediately as a precaution.&nbsp;</p>
<p>According to the on-chain analytics platform Lookonchain, the attacker deposited some stolen USDC to lending protocol Aave and provided liquidity on Uniswap.</p>
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">KyberSwap was exploited for ~$46.5M assets!<br><br>Including:<br>10,049 <a href="https://twitter.com/search?q=%24WETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$WETH</a>($20.78M)<br>4,017 <a href="https://twitter.com/search?q=%24wstETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$w…</a></p>
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<p>The post <a href="https://coinedition.com/kyberswap-dex-suffers-46-5m-exploit-users-asked-to-withdraw-funds/" rel="noopener noreferrer nofollow">KyberSwap DEX Suffers $46.5M Exploit, Users Asked To Withdraw Funds</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

KyberSwap DEX Suffers $46.5M Exploit, Users Asked To Withdraw Funds

Coin Edition

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