KyberSwap: The Ultimate Heist – A Hacker’s Delight!

KyberSwap hacker offers $4.6M reward for return of $46M stolen funds

KyberSwap hacker offers $4.6M reward for $46M loot return

Well, well, well… Looks like KyberSwap has found itself in a bit of a pickle. A sly hacker managed to sneak past their defenses and help themselves to a whopping $46 million. But here’s the twist – KyberSwap is offering a 10% bounty reward to the audacious thief! It’s like a reverse ‘Wanted’ poster, offering a reward to the very person who outsmarted them. Talk about turning the tables!

The hacker left a cheeky note demanding negotiations. And being the generous souls that they are, KyberSwap wants 90% of the loot back. But there’s a catch: they want the stolen treasure returned by 6 am UTC on Nov. 25. It’s like a high-stakes game of hide-and-seek with millions on the line. Will the hacker comply, or will they vanish into the digital abyss?

Let’s rewind a bit to see how this thrilling escapade unfolded. On November 23, KyberSwap sounded the alarm, informing users that their liquidity solution, KyberSwap Elastic, had been compromised. They urged everyone to withdraw their funds immediately. Meanwhile, on November 22, the cunning hacker made off with approximately $20 million in Wrapped Ether (wETH), $7 million in wrapped Lido-staked Ether (wstETH), and $4 million in Arbitrum (ARB) tokens. Quite the haul, wouldn’t you say?

But this ruthless thief didn’t settle for just one chain. Oh no! They spread their ill-gotten gains across multiple networks like a digital bandit, making it difficult for the authorities – or in this case, KyberSwap – to track them down. They hopped from Arbitrum to Optimism, from Ethereum to Polygon, and even made a pit stop in Base. It’s like a game of hopscotch, but with millions of dollars at stake. Just when you thought you had them cornered, they slip away again.

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After vanishing into thin air, the audacious hacker left a message on-chain, addressed to KyberSwap developers, employees, decentralized autonomous organization members, and liquidity providers. It read, “Negotiations will start in a few hours when I am fully rested.” Talk about being leisurely! Who needs a good night’s sleep after committing a multi-million dollar heist, right?

KyberSwap wasn’t going to take this sitting down. They responded with an offer that would make even the most skilled negotiators blush. Offering a bounty equivalent to 10% of the users’ funds stolen by the hacker, KyberSwap laid down the gauntlet. It’s like they’re saying, “Come on, let’s cut to the chase and get on with it. Return the loot, and we’ll call it a day.” A bold move, indeed.

But here’s where things get interesting. If the hacker fails to pay up or respond by 6 am UTC on Nov. 25, KyberSwap has a chilling message: “You stay on the run.” It’s like an episode of a thrilling cat-and-mouse chase. Will the hacker rise to the challenge, or will they become an outlaw in the vast digital frontier?

Now, let’s dig deeper into this audacious heist. According to a decentralized finance (DeFi) expert, the hacker employed an “infinite money glitch” to drain the funds. It’s like they stumbled upon a virtual gold mine, exploiting the system to their advantage. Ambient exchange founder Doug Colkitt explains that the attacker used a meticulously crafted smart contract exploit to carry out the dastardly deed. Talk about cunning!

Our hacker wasn’t satisfied with just one pool of treasure. Oh no, they repeated this ingenious exploit across multiple KyberSwap pools on different networks. It’s like a game of whack-a-mole, with the hacker escaping with a staggering $46 million in crypto loot. This thief sure knows how to work the system!

Now, dear readers, we’re left hanging in suspense. Will the hacker accept KyberSwap’s challenge? Will they return the stolen funds and become the most talked-about digital Robin Hood? Or will they continue to elude their pursuers and enjoy a life of ill-gotten gains?

Stay tuned, ladies and gentlemen, as this thrilling saga of crypto heists and million-dollar negotiations continues. Remember, the digital world is full of surprises, and sometimes, truth is stranger than fiction.

Original Content Source: Cointelegraph

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