The individual responsible for the cyber attack on KyberSwap, a decentralized exchange, has been observed transferring significant amounts of digital assets across different blockchains.
According to reports by blockchain analysis firm PeckShield on February 26, the hacker moved 798.8 Ether, valued at nearly $2.5 million, from Arbitrum to the Ethereum network.
Additionally, approximately $1 million in stablecoins was also transferred by the hacker. Specifically, a wallet associated with the attacker moved $826,500 worth of Dai stablecoin to another wallet.
The KyberSwap hack, a major incident in 2023, saw DEX lose nearly $49 million in digital assets. On Nov. 23, KyberSwap disclosed the breach, urging users to withdraw their funds. The hacker left a message indicating a willingness to negotiate once he rested.
KyberSwap proposed a $4.6 million bounty for 90% of the stolen funds’ return. After the hacker’s unexpected move, they demanded complete control over KyberSwap and its assets, along with temporary ownership of KyberDAO and all related documents, by December 10, 2023, under threat of consequences.
The aftermath also led to significant internal repercussions, with KyberSwap having to downsize its workforce by fifty percent just a month after the security breach.
