Black_background_logo_BitcoinWorld-removebg-preview
Hacked KyberSwap Offers $50 Million Reward To Hackers To Return Stolen Fund
Latest News News

Hacked KyberSwap Offers $50 Million Reward To Hackers To Return Stolen Fund

  • Decentralized cryptocurrency exchange KyberSwap is negotiating a reward offer with the hacker.

KyberSwap, the decentralized cryptocurrency exchange that suffered a nearly $50 million hack on November 22, is currently negotiating a reward offer with the hackers.

At this point, KyberSwap offers the hackers a 10% reward to return the stolen funds.

In an on-chain message sent to the hacker, KyberSwap stated that he should return 90% of the stolen funds to a specific address by 6 a.m. on November 25, and that if he returned, 10% of the stolen funds (approximately $4.7 million) would be given as a reward.

See Also: KyberSwap Lost About $47 Million In Possible Exploit

This reward offer was made after the hacker previously left a message stating that he wanted to negotiate with the team. The hackers’ message reads, 

“Dear Kyberswap Developers, Employees, DAO members and LPs, negotiations regarding the funds will begin when I am fully rested. Thank you.”

As you may remember, the attack at the beginning of this week targeted KyberSwap’s Elastic pools and resulted in the theft of $50 million in funds on multiple blockchains, including Arbitrum (ARB), Optimism (OP), Ethereum (ETH), Polygon (MATIC) and Base.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.