Decentralized cryptocurrency exchange KyberSwap suffered a fronted attack, which resulted in a loss of $265,000 in USDC.
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The exchange wrote in a tweet that 2 addresses were affected, and attackers were targeting whale wallets. The KyberSwap team assured it will compensate all the affected users. The team added:
“We strongly urge all DeFi projects to conduct a thorough check on your frontend code & associated Google Tag Manager (GTM) scripts as the attacker may have targeted multiple sites.”
Analysts at PeckShield have found that the stolen funds were withdrawn from the BitMart cryptocurrency exchange. KyberSwap emphasized that there was no smart contract vulnerability. The developers added that users should be cautious when signing for approval and check the transaction information.
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