- Kyber Community hacker transferred 600 ETH by way of Twister Money.
- ETH is down 2.9% within the final 24 hours and is buying and selling at $2,644.
- Kyber Community's KNC token has fallen 92% from its all-time excessive.
The hacker who focused Kyber Community, a serious blockchain undertaking and multi-chain liquidity protocol platform, despatched $1.65 million in Ethereum (ETH) by way of Twister Money, an Ethereum mixing protocol that attracted the eye of regulators world wide because of its use by scammers and hackers.
PeckShield, a blockchain analytics platform, first reported the fund switch on X. The exploiter's pockets despatched 600 ETH to Twister Money, the place it was combined with cryptocurrencies from different sources, which made it troublesome for regulation enforcement to trace the funds.
KyberSwap exploit nonetheless haunts the undertaking
In November final yr, attackers stole $47 million from Kyber Community's KyberSwap, a multi-chain DEX aggregator, throughout a number of networks. The full worth locked (TVL) of the protocol dropped by 90%. After the hack, the undertaking requested its customers to instantly withdraw their funds and commenced investigating the exploit.
The sale of ETH might influence the value of the world's second-largest digital asset, which has already fallen by 2.9% within the final 24 hours. Presently, the cryptocurrency is buying and selling at $2,644.61, down 45.78% from its all-time excessive of $4,891.70.
Learn additionally: Bitfinex Hacker Faces 5 Years in Jail, Prosecutors Search to Deter Crypto Crime
After Bitcoin (BTC) rallied to $69,000 after which fell to $67,000, ETH additionally rose to $2,700 after which confronted resistance close to $2,800. Because of this as soon as once more, ETH did not surpass the $3,000 worth stage.
KNC costs plunge
Kyber Community's native token KNC has fallen sharply and is buying and selling at $0.4506. The altcoin's market cap is $83 million and it’s ranked 423 on CoinMarketCap. KNC has fallen 30% since October final yr and 9% over the previous seven days.
Additionally learn: WazirX hackers are nonetheless there – one other $12 million disappears in Twister Money
KNC is buying and selling at a big low cost of 92.04% from its all-time excessive of $5.72 seen in April 2022, when the crypto market entered a bearish section.
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