Multi-chain DeFi protocol Kyber Network (КНЦ) открила that it suffered an exploit on its frontend on Sept. 1, leading to a loss of $265,000 from two whale wallets.
1/ ❗Обавештење о експлоатацији КиберСвап фронтенда:
Идентификовали смо и неутралисали експлоатацију на КиберСвап фронтенду. Погођеним корисницима биће наплаћена накнада. Сажели смо детаље у овој теми⬇
- Кибер мрежа (@КиберНетворк) Септембар 1, 2022
Hacker inserted malicious code into KyberSwap’s frontend
According to Kyber Network, its team “identified a malicious code in our Google Tag Manager (GTM)which inserted a false approval, allowing a hacker to transfer users’ funds to his address.”
Kyber continued that the threat was “neutralized” within two hours, assuring its users that it is now “safe to use all КиберСвап functions.”
KyberSwap is a multi-chain decentralized exchange (DEX) that allows users to swap tokens between different blockchains. Kyber revealed that the hack only affected the DEX’s user interface.
The Kyber team has assured the affected wallets that they will be compensated.
4/ УСД$265К корисничких средстава је изгубљено, са 2 погођене адресе, а корисници ће бити надокнађени. Чини се да је нападач циљао новчанике китова.
- Кибер мрежа (@КиберНетворк) Септембар 1, 2022
Meanwhile, the team has offered the hacker 15% of the funds if he chooses to return it. According to the Kyber team, there is no way for the hacker to cash out the funds through centralized exchanges that he wouldn’t be revealing himself.
7/ Снажно позивамо све #ДеФи 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 #ДеФи заједнице да се брани од ових злонамерних напада
- Кибер мрежа (@КиберНетворк) Септембар 1, 2022
Kyber Network’s KNC token has risen by 1.7% in the last 24 hours to $1.76 despite the hack.
DeFi hacks on the up
A recent token terminal report открила that over $4.2 billion had been stolen over the past two years due to lacking security practices in DeFi.
The Federal Bureau of Investigation also рекао that 97% of stolen $1.3 billion crypto assets in the first quarter of this year were from DeFi protocols.
In August alone, the crypto space witnessed several hacks that led to the loss of over $150 million. The hacks range from Solana (SOL) новчаници експлоатисати хацкинг Ацала, Цурве Финанце, Номад Бридге, И други.
Source: https://cryptoslate.com/defi-protocol-kyber-network-suffers-frontend-hack-loses-265k/