- The KyberSwap hacker moved $2.5 million from the Arbitrum network to Ethereum.
- More than 800,000 DAI were also withdrawn from this address, according to PeckShield analysts.
- The motives behind the large transfers of funds are unknown.
On February 26, 2024, PeckShield analysts reported moving funds from the address of the attacker behind the hack of decentralized platform KyberSwap.
PeckShieldAlert #KyberSwap Exploiter-labeled address bridged ~$800 $ETH (worth ~$2.5m) from #Arbitrum to #Ethereum pic.twitter.com/xTWO7lOLJY
- PeckShieldAlert (@PeckShieldAlert) February 26, 2024
According to experts, the hacker moved nearly 800 ETH (about $2.5 million at the time of writing) from the Arbitrum network to the Ethereum network. In addition, he moved 826,500 DAI to another wallet.
PeckShield clarified the purpose of the wallet owner’s transfer. Over the past few months, he has not made major transactions with assets.
Recall, in November, KyberSwap suffered a hacker attack for more than $40 million. By negotiating with frontrunner bot operators, who withdrew about $5.7 million in cryptocurrencies from the pools, it was possible to recover $4.67 million.
Subsequently, the attacker made several demands. He asked for full control over the project, including access to documentation and data related to profits and assets.
Against the backdrop of the hack, the management had to cut 50% of its staff. In addition to the layoffs, KyberSwap temporarily suspended its liquidity protocol initiatives and the KyberAI project.
