Administrators of the decentralised exchange (DEX) KyberSwap are recommending users to take all of their money out as a precaution since the exploiter claims that talks will soon start. The DEX has been under attack for around $50 million.
According to on-chain statistics, the attacker is mostly taking money in USDC, wETH, and ether. Additionally, the attacker has taken over $20 million from Arbitrum, $15 million from Optimism, and $7 million from Ethereum by attacking various KyberSwap cross-chain deployments.
The heist appears to be a targeted attack against the liquidity provider pools themselves, according to on-chain detectives who have ruled out the possibility that it is connected to a flaw in the DEX’s approved authorization code.
“Negotiations will start in a few hours when I am fully rested,” the attacker has said. Inquiries such as “how is Ontario this time of year” were also made by the attacker.
A growing trend with decentralised banking exploits is hackers tease their victims by using text strings to sign transactions. According to DeFiLlama, the DEX’s total value locked (TVL) is at $22.23 million, down from over $80 million prior to the attack.