Share this article
DeFi Platform Kyber Says It Removed Attack Vector, Compensated Affected Wallet
The Sept. 1 exploit saw $265,000 stolen from one Kyber wallet.
Updated May 11, 2023, 6:51 p.m. Published Sep 6, 2022, 11:09 a.m.
Kyber Network, a multichain decentralized finance (DeFi) platform, said it removed the attack vector used in an exploit that saw $265,000 stolen on Sept. 1.
- Two wallets were affected by the attack, one of which has been fully compensated for the funds lost, Kyber said in update Tuesday.
- "The other wallet provided approvals to the malicious script, and successfully revoked his approval before losing any funds," Kyber added.
- Kyber said it had been able to "neutralize" the threat within two hours after the attack.
- The attack exploited a vulnerability in Kyber's website code and thus differed from other DeFi attacks, which commonly target blockchain contracts. While the loss was relatively small, the attack highlighted the different ways in which DeFi platforms are vulnerable to cyberattacks.
- The KyberSwap platform is a decentralized exchange that allows users to swap between currencies on different blockchains.
Read more: 'Copycats' Stole $88M During Nomad Exploit by Copying Attacker's Code: Coinbase
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
