KyberSwap attacker used ‘infinite money glitch’ to drain funds — DeFi expert
By exploiting a bug, the attacker caused liquidity to be “double-counted,” allowing them to get an unfair price for a swap.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
By exploiting a bug, the attacker caused liquidity to be “double-counted,” allowing them to get an unfair price for a swap.
Why this matters
This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
U.S. Targets $1.2 Billion From Binance Hack—Where Is the Rest?
The Binance hack recovery has reached a significant milestone: U.S. authorities say more than $1.2 billion in stolen cryptocurrenc...
Bitcoin ETFs lose $1 billion for the second week in a row as crypto funds, except one, continue bleeding
U.S. spot crypto ETFs lost about $1.55 billion combined, and Avalanche funds' $227,000 was the only weekly inflow among the 15 cat...
Meta Tests Prediction App as DOJ Moves on $1.2 Billion in Binance Hack Funds
Meta is testing a points-based prediction app called Takes as Kalshi and Polymarket face lawsuits, while the DOJ won approval to s...
Meta Tests Prediction Markets, DOJ Moves on $1.2 Billion in Binance Hack Funds, and Ancient Bitcoin Stirs
Meta tests a points-based prediction-market app, the DOJ moves to seize $1.2 billion from the Binance hack, and 16-year dormant Bi...
Baillie Gifford adopts Ethereum as legal register for UK funds
Baillie Gifford's use of Ethereum as a legal register for UK funds signals a shift towards blockchain as a mainstream financial in...
Trump’s regulator picks, Nvidia’s Huang exit and EU DeFi warning reshape crypto’s week
Trump nominates four SEC and CFTC commissioners, Jensen Huang exits Nvidia sending Bitcoin to a multimonth low, and Coinbase warns...