๐จ๐จ KyberSwap, a decentralized exchange (DEX) platform, is currently offering a substantial 10% bug bounty reward for the perpetrator behind a recent security breach.
๐ The caveat: The bounty will only be honored if the hacker decides to return the pilfered funds.
๐ข On the ominous date of November 23, 2023, KyberSwap fell prey to a sophisticated flash loan attack, resulting in staggering losses totaling $47 million USD. The audacious hacker not only executed a series of flash loan transactions but also demonstrated an audacious flair by initiating withdrawal transactions while leaving behind explicit instructions detailing the modus operandi. Adding an intriguing layer to the saga, the assailant broadcasted an on-chain message directed at Kyber's team, expressing a willingness to engage in negotiations for the return of the ill-gotten gains.
๐ฐ Despite the initial overture, a disconcerting silence has engulfed the situation over the past 24 hours. The crypto community, however, has not remained idle in their vigilance. Detectives within the digital landscape have unearthed a curious development: the hacker discreetly funneled 1,000 ETH to an address associated with a prior hacking incident involving Indexed Finance in 2020. This curious connection suggests a potential correlation between the two nefarious activities.
๐๏ธ As the clock ticks, the elusive hacker remains shrouded in anonymity, and the prospect of fund restitution hangs in limbo. Kyber Network, in an abundance of caution, is emphatically advising its user base against succumbing to potential scams, urging them to exercise vigilance and avoid clicking on any purported refund links.
๐ฏ For the most accurate and up-to-date information on this ongoing saga, Kyber Network emphatically directs its clientele to rely solely on the official source channel, @KyberNetwork, for verified updates and advisories. The crypto community at large is on high alert as the pursuit of the hacker and the resolution of this high-stakes situation continue to unfold in real time.
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