KyberSwap Suffers a Frontend Exploit of $265,000

by in DeFi News

DeFi Kyber Network

KyberSwap, a decentralized crypto exchange aggregator and liquidity platform developed by Kyber Network was hacked. Today the team announced that they identified and fixed the issue leading to a frontend attack. The protocol added that affected users will be compensated.

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The team tweeted that they detected an unusual element on the interface. So, they shut down the frontend to carry out investigations and found a malicious code in the Google Tag Manager and disabled it.

Kyber Network managed to compile a complete list of confirmed and suspected attacker addresses used during the period. Accounts interacted with centralized exchanges and NFT marketplace OpenSea.

Hackers stole $265,000 of user funds with 2 affected addresses, which shows that they were targeting whale wallets. The team announced they had effectively solved the issue and now it's safe to use all KyberSwap functions including swap aggregator, adding liquidity, and farming. However, they advised users to continue exercising caution.