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International Business Times
International Business Times
Business
Marvie Basilan

KyberSwap Hacker Moves Millions In ETH, Stablecoin; DEX Provides Update On Recovered Funds

Dex PeckShield Arbitrum
The 2023 exploit of nearly $49 million from DEX KyberSwap was one of the biggest hacks in the crypto realm last year. (Credit: TheDigitalArtist/Pixabay)

KEY POINTS

  • The exploiter reportedly bridged nearly $2.5M worth of ETH from Arbitrum to Ethereum
  • The hacker later transferred 826,500 DAI stablecoins to another wallet
  • KyberSwap established a grant initiative for users affected by the November exploit

A wallet address linked to the hacker who exploited nearly $49 million from decentralized exchange (DEX) KyberSwap late last year was reportedly seen moving millions in digital assets Monday.

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