Kyber Network Releases Update After KyberSwap Front-End Exploit

Kyber Network has provided an update on its front-end exploit from September 2022. On September 6, the team tweeted an update stating they had removed the attack vector two days prior. A detailed analysis of systems and transactions is also being done in collaboration with partners and security professionals. 1/ Interim Update: Hack Is Removed, KyberSwap is Secure, & Next StepsOn the 2 Sept, we shared the discovery of our front-end exploit on KyberSwaphttps://t.co/6XIXPhyfsc Today, we can provide some interim, official & positive updates ⬇️ — Kyber Network (@KyberNetwork) September 6, 2022 Kyber Network wrote in a blog post that only two wallets were affected, and both have been restored, with one receiving complete financial compensation. Before any losses occurred, the other wallet impacted had canceled his authorization. As per the specifics of the attack vector, Kyber Network has confirmed that the execution of the attack was not via Google Tag Manager. The team claimed it could not share more at this time and that the introduction of malicious scripts was through an alternative method. Additionally, it highlights how secure smart contracts and the API are. Given that this is the first occurrence of Kyber Network’s existence, the team enlisted support and encouragement. Support From Binance To minimize the harm caused by the attack, Kyber Network has also been collaborating with other businesses in the sector. Kyber receiv...