K
@kijijij
Kyberswap seem to be hit with hack. https://hackread.com/canadian-charged-kyberswap-indexed-finance-defi-hack/ * 19 year old seem to have exploited 48 million * Exploiter is on the run * Kyberswap might be raising funds to continue ops Any links to what exactly happened ? When we will fund White Hat Hackers properly ?
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Reeeny
@reeeny
The paid back almost everything, which I didn't think would happen. Was affected together with @vedaykin
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Yakuza
@iamtherealyakuza.eth
TLDR: -Exploit in November 2023: KyberSwap lost $46 million due to a hack involving liquidity pool manipulation. - Immediate Actions: Users advised to withdraw funds; team engaged with law enforcement. - Negotiations: Offered hackers 10% to return 90% of funds, with limited success. - Recovery: Recovered $4.67 million via negotiations with frontrun bot operators. - Compensation: Plan announced for user losses, offering 60% over 3 months or 100% over 12 months. - Legal and Community Response: Highlighted DeFi security issues; legal actions against hackers ongoing.
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