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KyberSwap exploiter linked to $50M HXA token motion

10 Dec 2023
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Blockchain safety agency Cyvers detected a motion of $50 million in HXA tokens, the native utility token of the Herencia Artifex NFT undertaking, linked to the KyberSwap exploiter. 

The KyberSwap exploiter’s handle bought these tokens from an Ethereum handle utilizing the “switch from operate.”

Decentralized software (DApp) customers generally use the “switch from” operate. It refers to a mechanism by which one celebration (sender) can switch or ship tokens from the steadiness of one other celebration (proprietor) to a third-party handle. Nonetheless, improper use or vulnerabilities in implementing such features can result in safety considerations.

Cyvers says the safety breach is said to a possible flaw within the Multicall operate, which is a part of the Thirdweb libraries utilized within the HXA token’s good contract. It has proposed this concept in its report and encourages events to take part within the investigation to grasp the exploit’s scope and penalties comprehensively.

The Cyvers staff mentioned that the KyberSwap exploiter’s acquired funds have been unfold throughout varied externally owned accounts (EOAs), now acknowledged as the highest HXA token holders.

Cryptocurrency alternate MEXC has quickly halted HXA token withdrawals and deposits. Nonetheless, the halt isn’t straight tied to safety worries in regards to the hack, however reasonably the irregular on-chain operation of HXA, in accordance with the alternate.

Associated: KyberSwap announces treasury grants for hack victims

In yet one more twist to the story, the official web site of the HXA coin, hxacoin.io, is presently inaccessible, leaving buyers and stakeholders locked out of official data and updates. No rationalization for the w

Hackers drained about $46 million in crypto assets from the decentralized KyberSwap alternate final month.

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