Kyber Network: Funds currently worth approximately $4.67 million have been returned to KyberSwap deployer addresses on Polygon
Kyber Network posted on social media that the KyberSwap team has contacted the owner of the frontrun bot, which extracted approximately $5.7 million worth of funds from the KyberSwap liquidity pools on Polygon and Avalanche during this vulnerability. We have negotiated with the owner of the frontrun bot to return 90% of the user funds it occupied to address 0x8180 in exchange for a 10% reward. So far, approximately $4.67 million worth of funds have been returned to the KyberSwap deployer address on Polygon through these transactions. After recovering user funds from the frontrun bot, we will continue to support law enforcement and cybersecurity agencies in tracking down and recovering user funds from the vulnerability attackers.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto Faces Ongoing Challenges Despite Pro-Crypto Shift in U.S. Leadership
Australia Seeks Public Input on Adopting Global Crypto Reporting Standards
FET breaks through $1.5