- Kyber Community hacker transferred 600 ETH by way of Twister Money.
- ETH is buying and selling at $2,644, down 2.9% up to now 24 hours.
- Kyber Community's KNC token has fallen 92% from its all-time excessive.
Hackers concentrating on Kyber Community, a distinguished blockchain challenge and multi-chain hub for liquidity protocols, transferred $1.65 million in Ethereum (ETH) via Twister Money. Twister Money is an Ethereum combined protocol that has attracted the eye of regulators all over the world for a purpose. Utilized by scammers and hackers.
PeckShield, a blockchain analytics platform, first reported the motion of funds on X. The abuser's pockets transferred 600 ETH to Twister Money, the place it was combined with cryptocurrencies from different sources, making it tough for regulation enforcement to hint the funds.
KyberSwap exploit nonetheless plagues the challenge
Final November, attackers stole $47 million throughout a number of networks from Kyber Community's KyberSwap, a multi-chain DEX aggregator. The whole worth locked (TVL) of the protocol has decreased by 90%. After the hack, the challenge requested customers to withdraw their funds instantly and started investigating the exploit.
The sale of ETH might affect the value of the world's second-largest digital asset, which has already fallen 2.9% up to now 24 hours. The cryptocurrency is at the moment buying and selling at $2,644.61, down 45.78% from its all-time excessive of $4,891.70.
Additionally learn: Bitfinex hacker sentenced to five years in jail, prosecutors intention to curb digital foreign money crimes
After Bitcoin (BTC) recovered to $69,000 after which fell to $67,000, ETH additionally rose to $2,700 earlier than dealing with resistance close to $2,800. Which means that ETH failed to interrupt out of the $3,000 worth degree once more.
KNC Worth Nostril Dive
Kyber Community’s native token, KNC, has fallen sharply and is buying and selling at $0.4506. The altcoin has a market capitalization of $83 million and is ranked 423rd on CoinMarketCap. KNC has fallen 30% since October final yr and 9% up to now seven days.
Additionally learn: WazirX hackers are nonetheless attacking – one other $12 million disappeared into Twister Money
KNC is buying and selling at a steep low cost of 92.04% from its all-time excessive of $5.72, set in April 2022, when the cryptocurrency market entered a bearish section.
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