Ethereum

Token

Coin

<ul class="news-points"> 
 <li>Cyvers disclosed an abnormal $50 million transaction linked to the exploited KyberSwap platform.</li> 
 <li>The exploiter disperses the funds to the largest holders of HXA tokens.</li> 
 <li>Following Cyvers’s update, exchanges Gate.io and MEXC suspended the withdrawal and deposit of HXA tokens.</li> 
</ul> 
In a recent communication, the prominent blockchain security firm Cyvers reported a concerning development related to the recently exploited platform KyberSwap, renowned for facilitating crypto assets exchange without intermediaries. 
According to the update, Cyvers’ system has identified an “abnormal transaction” linked to the bad actors that exploited the Kyber Network. Specifically, the Cyvers team disclosed that the address associated with the Kyber Network exploiter received $50 million worth of HXA tokens from an Ethereum address using an unusual function.&nbsp; 
Moreover, Cyvers highlighted that the funds were subsequently distributed to various externally owned accounts (EOAs), with these EOAs identified as the largest holders of the HXA tokens. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <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;">ALERT<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;">Our system has detected an abnormal transaction related to the <a href="https://twitter.com/KyberNetwork?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@KyberNetwork</a> exploiter. The address funded by the <a href="https://twitter.com/KyberNetwork?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@KyberNetwor…</a>
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The post <a href="https://coinedition.com/kyberswap-exploiter-distributes-50m-to-largest-hxa-token-holders/">KyberSwap Exploiter Distributes $50M to Largest HXA Token Holders</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

KyberSwap Exploiter Distributes $50M to Largest HXA Token Holders

Coin Edition

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