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KyberSwap, the decentralized exchange protocol, managed to recover $4.67 million after facing a recent security attack that resulted in the loss of $47 million from its concentrated liquidity pools last week.

Decentralized exchange protocol KyberSwap has recovered approximately $4.67 million in funds following a recent security attack.

KyberSwap Elastic, a vital project of the Kyber network, brings encouraging news to its users. The team has made significant progress in its recovery journey, successfully reclaiming approximately $5.7 million in stolen cryptocurrency. This achievement highlights KyberSwap Elastic's commitment to its users and its resilience to digital security challenges.

Kyber Network said on Nov. 22 that Kyberswap Elastic “experienced a security incident” in which crypto assets worth more than $45 million were stolen. Kyber Network said it was investigating the incident and urged all “users to promptly withdraw their funds.

The Ethereum-based multi-chain platform has offered a time-bound white hat bounty to recover assets following the recent hack.

In a dramatic turn of events in the decentralized finance world, KyberSwap, a prominent decentralized exchange, has found itself at the epicenter of a sophisticated heist. On November 22, the platform experienced a massive security breach, resulting in the loss of $46 million.

Australia's tax regulator did not clarify whether investors must pay taxes on liquid staking or transfer to layer-2 bridges.

Some victims of the $48 million KyberSwap hack are no doubt waiting anxiously for the DeFi platform's attacker to make their next move.

Decentralized exchange KyberSwap publicly offered a 10% bounty to an unidentified hacker responsible for a cyber heist, in which funds worth over $50 million were siphoned off. The offer was communicated through a message from a contract deployer wallet associated with KyberSwap.

KyberSwap, a decentralized exchange (DEX) running on the Ethereum blockchain, was hacked on November 22, losing about $50 million worth of crypto assets from its liquidity pools. The hacker exploited a vulnerability in the DEX's smart contract that allowed them to create an “infinite money glitch” and drain the funds.

KyberSwap, a prominent multi-chain decentralized exchange (DEX) aggregator, is in discussions with the hacker responsible for the recent $50 million attack. The platform is proposing a 10% bounty, equivalent to the funds taken from users, in exchange for the safe return of all the stolen assets.

"On the table is a bounty equivalent to 10% of users' funds taken from them by your hack," said KyberSwap to its hacker in an on-chain message.

KyberSwap, a cryptocurrency exchange that was hacked on November 22, currently negotiating a bounty offer with the hacker. The decentralized autonomous organization (DAO) overseeing the KyberSwap decentralized exchange (DEX) has initiated negotiations with the attacker who compromised with a staggering $50 million on November 22.

Decentralized exchange protocol KyberSwap offered a 10% bounty to the hacker who executed an exploit leading to the $47 million loss.

The attacker had said negotiations would start when they are "fully rested," and hasn't been heard from since.

KyberSwap suffered a $46 million loss due to a flaw in its smart contract, highlighting vulnerabilities in DeFi smart contracts and the need for improved security protocols.

Kyber Network Crystal v2 is the multi-chain hub of liquidity protocols. These protocols usually have different origins and they work in Kyber's ecosystem to provide and secure dApps transactions.

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.

KyberSwap, a decentralized exchange protocol, found itself in the midst of a security breach resulting in a substantial reported loss of around $47 million from its Elastic Pools liquidity solution.

By exploiting a bug, the attacker caused liquidity to be "double counted," allowing them to get an unfair price for a swap.

The KyberSwap attacker posts on-chain messages detailing the protocol exploit, even saying thank you.

A hacker who used TornadoCash to steal $45 million from decentralized exchange aggregator KyberSwap has reached out to negotiate with the team behind the protocol. The perpetrator said negotiations would take place when they “were fully rested.

The exploit targeted funds within KyberSwap's Elastic Pools liquidity solution. KyberSwap urged all users to promptly withdraw their funds.

Kyber Network has asked all of its users to promptly withdraw all their funds without clicking on any suspicious links or DMs.