KyberSwap offers 10% bounty to hacker in negotiations
In a dramatic turn of events in the decentralized finance world, KyberSwap, a prominent decentralized exchange, has found itself at the epicenter of a sophisticated heist. On November 22, the platform experienced a massive security breach, resulting in the loss of $46 million. In a bold move, KyberSwap has offered a 10% bounty to the hacker, hoping to recover 90% of the stolen assets. The KyberSwap Heist: A Crafty Operation The hack on KyberSwaps liquidity solution, KyberSwap Elastic, was no ordinary cyber theft. It involved a meticulously planned operation that saw the hacker escape with a significant haul including $20 million in Wrapped Ether (wETH), $7 million in wrapped Lido-staked Ether (wstETH), and $4 million in Arbitrum (ARB) tokens. This sophisticated attack didnt just target one network; the hacker skillfully navigated across multiple chains including Arbitrum, Optimism, Ethereum, Polygon, and Base, dispersing the stolen funds in a bid to cover their tracks. KyberSwap quickly alerted its users to the breach, urging them to withdraw their funds immediately. Meanwhile, the hacker, confident in their anonymity, left a message for KyberSwaps developers, employees, and community, indicating a willingness to negotiate. This unprecedented move sparked a tense but intriguing dialogue between the perpetrator and the platform. The Negotiation: A Race Against






