KyberSwap Attack Update: $2.5M in Ether Transferred to Ethereum Network

A decentralized exchange (DEX), KyberSwap, recently suffered a considerable security breach that resulted in substantial financial losses. In a new twist, the hacker behind the breach transferred much of the stolen money, almost $2.5 million in Ether, from Arbitrum to the Ethereum network. This has attracted the attention of blockchain analytics firms and has raised worry within the crypto community about the security of decentralized finance (DeFi) platforms.