Kyber Network Has Been Hacked. Users are Advised to Promptly Withdraw Funds Now. $45m Loss and Counting

🚨Urgent🚨

Dear KyberSwap Elastic Users,
We regret to inform you that KyberSwap Elastic has experienced a security incident.

As a precautionary measure, we strongly advise all users to promptly withdraw their funds. Our team is diligently investigating the situation, and we commit to keeping you informed with regular updates.

Thank you for your understanding and cooperation during this challenging time.

https://x.com/kybernetwork/status/1727475235342217682?s=46&t=GpWP0EdHqBeMteYaGqJP1g

https://etherscan.io/tx/0x396a83df7361519416a6dc960d394e689dd0f158095cbc6a6c387640716f5475

I was able to remove liquidity and withdraw funds just fine and didn’t suffer any losses thank god, but there’s a bunch of folks claiming they are unable too.

23 thoughts on “Kyber Network Has Been Hacked. Users are Advised to Promptly Withdraw Funds Now. $45m Loss and Counting”

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  3. All the kyber ads showing up out of no where, I was like.. what’s this crap and never investigated because looked like a scam and now confirms it was one

  4. It must be so convenient having an exchange and then using the word hacked.

  5. We should stop pretending and always assume “hacked” means insiders rug pulled it

  8. Kind of impressive just how much grift and also security vulnerabilities there are in this space

  10. strange that these “hacks” have escalated simultaneously with the increase in legal troubles of big exchanges.

    If I was a conspiracy theorist I would claim that these “hacks” are done to hide money before the shit hits he fan 🙂

  12. Right after KuCoin promoted/spammed my mailbox all week with this coin’s growth and popularity.

    (puts on tinfoil hat)

  15. Kyber network was personally endorsed by Vitalik. Along with Omisego. What happened to them? 🦗🦗🦗

  16. So in such networks, do *hackers* get access to people wallets or only those that have funds on the network aka the website itself with user/pw etc ?

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