On the morning of November 23rd at around 7am, the DEX aggregator and liquidity platform KyberSwap was suspected to have been attacked, involving funds of up to $47 million. This is not the first time KyberSwap has experienced a security incident. Below is a timeline of the events surrounding this incident and previous security incidents at KyberSwap, as compiled by BlockBeats:

This event timeline

KyberSwap may have been attacked and approximately $47 million has been stolen

On November 23 at 07:29, according to Twitter user Spreek, DEX aggregator and liquidity platform KyberSwap experienced abnormally large transfers on multiple chains, suspected to be a victim of an attack. The total amount stolen is currently around 47 million US dollars.

Kyber Network: It is recommended that users immediately withdraw funds from KyberSwap Elastic, and the team is investigating the incident.

On November 23rd at 07:56, Kyber Network announced that KyberSwap Elastic users experienced a security incident. As a precautionary measure, they strongly recommend all users to withdraw their funds immediately. The Kyber Network team is investigating the situation and promises to keep users informed through regular updates. BlockBeats reported today that KyberSwap may have been attacked, with a total amount stolen of approximately 47 million US dollars.

KyberSwap attacker's on-chain message: will start negotiations after a few hours of sufficient rest

On November 23 at 08:11, the attacker address labeled as "KyberSwap Exploiter 1" left a message on the chain stating, "Dear KyberSwap developers, employees, DAO members, and liquidity providers, I will begin negotiations after a few hours of rest. Thank you."

Earlier KyberSwap Attack Incident

KyberSwap aggregator experiences technical issues on Polygon network, all funds are safe

On February 19, 2023 at 16:32, decentralized liquidity protocol Kyber Network tweeted that decentralized trading platform KyberSwap experienced technical issues on the Polygon network. Currently, all funds are safe. Kyber Network is working hard to restore service and other on-chain services are not affected. Further updates will be provided.

KyberSwap aggregator is now enabled and back to normal

On February 19th at 20:24, decentralized liquidity protocol KyberSwap announced that its aggregator has been enabled and is now back to normal. Users can resume using it, and the Kyber Network team will place more monitoring resources on the aggregator.

KyberSwap: Potential vulnerability found on KyberSwap Elastic, no losses have occurred yet

On April 17th at 20:09, DEX aggregator KyberSwap tweeted that a potential vulnerability was discovered on KyberSwap Elastic. They urged liquidity providers to withdraw their liquidity as soon as possible, but no user assets were lost. KyberSwap stated that KyberSwap Classic was not affected and will release detailed information on when KyberSwap Elastic will be restarted.

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