an independent study Binance, KyberSwapIt shows that ‘ may have identified the suspects in the hacking event.
KyberSwap recently encountered a hack that resulted in the theft of $265,000.
Binance Security Team Trying to Identify Suspects
The incident, which resulted in a front-end vulnerability on decentralized exchange KyberSwap and the theft of a total of $265,000 from two large wallets, shows that Binance’s security team narrowed the circle for two people who could be suspicious.
In a statement, KyberSwap announced that it would reward hackers with a 15 percent reward, or approximately 40 thousand dollars, if they returned all the money. In addition, the exchange also announced that the money of its users will be deposited back into their accounts.
In parallel with the hack, an independent investigation shows that Binance’s security team has identified two suspects who may be responsible for orchestrating the heist.
On the subject, Changpeng Zhao (CZ), CEO of Binance, made a statement on Twitter:
#Binance security team has identified two suspects for yesterday's KyberSwap hack. We have provided the intel to the Kyber team, and are coordinating with LE (law enforcement).
Stay #SAFU. https://t.co/tbQBGaGTNG
— CZ 🔶 Binance (@cz_binance) September 3, 2022
Binance CEO Chanpeng Zhao said in a statement on his Twitter account that the intelligence was shared with the KyberSwap team. Binance also announced that it has begun coordinating with law enforcement due to continued efforts to corner hackers from both sides.
