Binance Security Team Investigates Suspect In KyberSwap Hack
Binance CEO said the firm’s security team had identified two suspects in Thursday’s KyberSwap hack:
In response to a tweet praising the exchange’s activities and characterizing it as the crypto space’s big brother, the CEO of KyberSwap stated:
KyberSwap is a multichain DEX aggregator hacked on the front end, resulting in the theft of $265,000 in user assets. The Kyber team informed victims of the hack that they would be paid for any monies lost and offered the hacker a 15% bounty if the funds were restored.
The exploit was stopped around two hours after the team started investigating. It advised consumers to exercise caution when utilizing its platform.
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