A hacker has attacked decentralized exchange KyberSwap's Elastic Pools liquidity fund and stolen around $47 million from the protocol.
The project team has warned:
"As a precautionary measure, we strongly advise all users to promptly withdraw their funds."
The attack was discovered by the X (formerly Twitter) user under the pseudonym Spreek.
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According to him, the stolen assets include $7.5 million in the Ethereum network, $15 million in Optimism, $16 million in Arbitrum, $2.8 million in Polygon and $870,000 in Base.
The hacker also left a message with the transaction:
"Dear KyberSwap developers, employees, DAO members and LPs, negotiations will start in a few hours when I am fully rested."
According to DefiLlama, the total value locked (TVL) of KyberSwap plummeted 68% in a few hours.
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