Kyber Network Crystal Dips As KyberSwap DeFi Platform Drained $46,500,000 in Ethereum, Arbitrum and Other Assets

Kyber Network Crystal Dips As KyberSwap DeFi Platform Drained $46,500,000 in Ethereum, Arbitrum and Other Assets

Decentralized finance (DeFi) platform KyberSwap has been hacked to the tune of tens of millions of dollars worth of virtual currencies, causing its native asset to dip.
Data from blockchain tracker Lookonchain reveals that $46.5 million worth of digital assets were stolen from KyberSwap, including $20.78 million worth of Wrapped Ethereum (wETH), $9.53 million worth of Lido-wrapped staked Ethereum (wstETH), and $4.1 million worth of layer-2 scaling solution Arbitrum (ARB).
According to Lookonchain, the exploiter said he’s willing to negotiate, though no specific details were given.
“KyberSwap was exploited for ~$46.5 million assets!
Including: 10,049 wETH ($20.78 million) 4,017 wstETH ($9.53 million) 3.98 million ARB ($4.1 million).
This exploiter deposited USDC to Aave and provided liquidity on Uniswap. And willing to negotiate with the KyberSwap team.”
Source: Lookonchain/X
In a new thread on the social media platform X, the decentralized exchange (DEX) protocol issues a warn

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