Global cryptocurrency exchange Binance discovers two suspects as being possibly responsible for the theft of $265,000 from the decentralized exchange protocol KyberSwap earlier this week.
Changpeng Zhao (CZ), the CEO of Binance, revealed the information on Twitter and said that the company has shared it with KyberSwap and the relevant law enforcement organizations.
Also Read: CZ Reminds People that Binance is not a ‘Chinese Company’
A frontend flaw in Kyber Network allowed an attacker to steal $265,000 in user funds via KyberSwap on September 1. KyberSwap announced to offer the hacker a 15% bug bounty, or roughly $40,000 if they return the funds.
The KyberSwap team revealed that the hackers released the malicious software that was intended to target whale wallets on Polygon and Ethereum. KyberSwap added that users who were impacted would receive full compensation.
“We strongly urge all #DeFi projects to conduct a thorough check on your frontend code & associated Google Tag Manager (GTM) scripts as the attacker may have targeted multiple sites. Let’s work together as one #DeFi community to defend against these malicious attacks,’ KyberSwap emphasized.
